The industrial production value
increased by 28.4 percent in January to 62.79 trillion VND as a result
of the country’s economic recovery, said Deputy Minister of Industry
and Trade Bui Xuan Khu.
The non-state economic sector maintained the highest growth rate of
31.1 percent. It was followed by the foreign-invested sector with a
rise of 29.1 percent and the state-owned sector with 23.1 percent.
Electricity, coal, fuel and clothing experienced a sharp rise in production, Deputy Minister Khu added.
He noted Da Nang city, Vinh Phuc, Phu Tho, Binh Duong and Quang Ninh
lead in terms of growth rate of industrial production value among
localities. They posted growth rate ranging between 46.6 and 92.7
percent.
According to the Deputy Minister, economic stability stirred investment
in construction causing an increase in construction materials. Cement
value rose 91.5 percent and steel up 61.5 percent.
The apparel industry also encountered advantages in January with more contracts for exports and domestic consumption.
To maintain the growth rate in February, the Ministry urged businesses
to rearrange production and renew methods of management and promote
production of materials for export and supporting items./.