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NEWS UPDATES 26 August 2010

Vietnamese Industrial output rises 13.7 percent

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Viet Nam's industrial output was worth VND504.2 trillion (US$26.1 billion) to the end of August - 13.7 per cent higher than for the same eight months of last year, reports the Planning and Investment Ministry's Industrial Economy Department.

The figure surpassed the nation's target of 12-per-cent growth for 2010.

Industrial-production value was VND69.5 trillion ($3.6 billion) in August, up 1.6 per cent from July and 15.2 against the same month of last year.

But August growth was the lowest in five months.

Industrial output grew by 3.8 per cent in April, 3.5 per cent in May, 2 per cent in June and 3.4 per cent in July.

The foreign-invested sector achieved the highest growth - 17.3 per cent or VND212.3 trillion ($11 billion); the private sector 12.7 per cent, VND177.4 trillion ($9.2 billion) and the State-owned sector just 9 per cent, VND114.5 trillion ($5.9 billion).

Several key industries, electricity, gas and liquid gas, consumer goods; powdered milk, sport shoes, refrigerators; building materials and automobiles achieved high growth.

But several - seafood, air-conditioners, tyres, cotton and synthetic fibre - were below target. Production of crude oil, coal, washing machines, television, sugar and vegetable oil fell.

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