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Industrial production up 16.1% in January
The nation's industrial production value this month is estimated to grow by 16.1 per cent to VND73.7 trillion (US$3.5 billion) against the same period last year, according to the General Statistics Office.
The growth rate was better compared with last January but the value declined by 2.5 per cent compared with December, said Statistics Office economist Nguyen Quang Ha. The industrial value early last year was low due to the economic downturn but got better in the latter part of the year thanks to economic recovery.
The increase in production value in the first month of this year was a sign of possible high-speed growth in the industrial sector this year, he said.
Many key industrial sectors had strong growth in production during January against the same period last year, including liquefied petroleum gas (36.2 per cent), sport shoes (35.1 per cent), ceramic tiles (32.5 per cent), auto and tractor tires (26.8 per cent), glass (20.7 per cent), cement (18.9 per cent, clothes (17.2 per cent), steel (15.9 per cent) and electricity (14.3 per cent).
However, some consumer goods had a reduction in output for the first month. The output fell by 78.2 per cent for air conditioning, 41.6 per cent for trucks, 15.3 per cent for televisions and 13.6 per cent for assembled autos.
During the first month of this year, the foreign-invested sector showed the largest industrial production value at VND31.7 trillion ($1.5 billion), 18.5 per cent higher than the same period last year.
Meanwhile, the private sector saw a 18.9-per-cent year-on-year rise in production value to VND27.2 trillion ($1.3 billion) and the value made by the State-owned industrial sector had a slight increase of 6.7 per cent to VND14.8 trillion ($704.7 million).
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