Industrial production up 16.1% in January
The growth rate was better
compared with last January but the value declined by 2.5 percent
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 percent), sport shoes (35.1 percent), ceramic tiles (32.5
percent), auto and tractor tires (26.8 percent), glass (20.7 percent),
cement (18.9 percent, clothes (17.2 percent), steel (15.9 percent) and
electricity (14.3 percent).
However, some consumer goods
had a reduction in output for the first month. The output fell by 78.2
percent for air conditioning, 41.6 percent for trucks, 15.3 percent for
televisions and 13.6 percent for assembled autos.
During
the first month of this year, the foreign-invested sector showed the
largest industrial production value at 31.7 trillion VND (1.5 billion
USD), 18.5 percent higher than the same period last year.
Meanwhile, the private sector saw a 18.9-percent year-on-year rise in
production value to 27.2 trillion VND (1.3 billion USD) and the value
made by the State-owned industrial sector had a slight increase of 6.7
percent to 14.8 trillion VND (704.7 million USD)./.