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Industrial output up 17% to $20.37 billion in first 7 months (01/08)
06/08/2010 - 92 Lượt xem
Industrial output rose 17 per cent in the first seven months of the year to VND325.94 trillion (US$20.37 billion), according to the General Statistics Office (GSO) yesterday.
The figure is 1.5 times higher than the Government’s 2007 target.
In the non State-owned sector, output grew 20.4 per cent, while foreign companies increased 19 per cent and State-owned enterprises expanded 9.7 per cent.
The coal industry produced 24.3 million tonnes, up nearly 15 per cent year-on-year. Fertiliser output stood at 1.4 million tonnes, up 16 per cent. Cement and rolled steel grew by around 10 per cent.
"There is now a significant number of supply contracts for industrial products at home and abroad, and coal to China is an example," said an official from the GSO’s Industry Department who requested anonymity.
"The rapid development of housing, urban areas and infrastructure projects has also resulted in greater demand for building materials."
Airconditioners, refrigerators and electric fans also saw strong growth due to summer weather conditions, said the GSO. Manufacturers sold 88,000 airconditioner units in the seven months, up about 57 per cent.
A handful of industries, though, did contract. Crude oil and liquefied petroleum gas production dropped 8.6 per cent and 17.4 per cent respectively, while natural gas managed a marginal gain of 0.5 per cent.
GSO officials attributed the declines to maintenance at oil and gas facilities, and an unofficial Government policy to discourage the export of non-renewable fuels.
In mid-July, Deputy Minister of Industry Bui Xuan Khu said industrial output must grow by over 17.3 per cent a month for the remainder of the year to achieve the Government’s GDP growth target of 8.5 per cent.
Source: VNECONOMY.
