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Vietnam's industrial sector keeps growing
Vietnam's industrial production value in January reached VND73.7 trillion (US$3.52 billion), rising 16.1 percent against the same period last year.
Of which, state-owned sector saw a growth of 6.7 percent, private-owned sector surged 18.9 percent and foreign- invested sector soared 18.5 percent, according to the General Statistic Office (GSO).
Some important industries posted high growth including liquefied petroleum gas (36.2 percent), footwear (35.1 percent), ceramic tiles (32.5 percent), tire for automobile and tractor (26.8 percent), glass (20.7 percent), cement (18.9 percent) and textile fiber (17.2 percent).
In addition, some products reported high growth in comparison with last January including rolled steel (15.9 percent), powder milk (15.4 percent), electricity production (14.3 percent), motor (13.5 percent) and adult clothing (12.4 percent).
Also in January, the consumption index of processing and manufacturing sectors continued to increase, of which, some products posted high consumption index such as powder milk (136.9 percent), fresh milk (68 percent), air conditioner (65.5 percent), steel sheet (55.3 percent), paint used in construction sector (49.4 percent), laundry soap (36 percent), footwear (26.9 percent), instant coffee (23.6 percent), fizzy drinks (22 percent) and canned beer (14.2 percent).
Vietnam's total retail sales and services reached VND150 trillion ($7.2 billion) in January, up 22.1 percent against last January, according to the GSO.
Among the earnings, trade reached VND118.3 trillion (Up 23.1 percent), hotel and restaurant reached VND16.4 trillion (Up 17.6 percent), services at VND13.6 trillion (Up 19.6 percent) and tourism at VND1.5 trillion (Up 14.5 percent).
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