Business

Industrial production up

Industrial production increases in January

Industrial production value increased by 28.4 percent in January to 62.79 trillion VND as a result of the country’s economic recovery.
The industrial production valueincreased by 28.4 percent in January to 62.79 trillion VND as a resultof the country’s economic recovery, said Deputy Minister of Industryand Trade Bui Xuan Khu.

The non-state economic sector maintained the highest growth rate of31.1 percent. It was followed by the foreign-invested sector with arise 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 Ninhlead in terms of growth rate of industrial production value amonglocalities. They posted growth rate ranging between 46.6 and 92.7percent.

According to the Deputy Minister, economic stability stirred investmentin construction causing an increase in construction materials. Cementvalue 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 businessesto rearrange production and renew methods of management and promoteproduction of materials for export and supporting items./.
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