Four-Month Industrial Production Gains (11/5)
11/05/2011 - 25 Lượt xem
The Ministry of Industry and Trade's statistics show that industrial production came to an estimated VND71.6 trillion in value in April 2011, up 14.3 percent from the same time in 2010. Of this, industrial production value of the state sector increased 3.9 percent, that of the non-state sector grew 17.1 percent, and that of the foreign invested sector soared 17.5 percent. Industrial production value in the first four months of this year amounted to an estimated VND270.5 trillion, an increase of 14.2 percent over the same period of last year. This growth rate is similar to that in the last several months of 2010.
Electricity output reached an estimated 8.24 billion kWh in April 2011 (up 11.5 percent from April 2010), taking the total to 30.8 billion kWh in the first four months of this year (9.4 percent more than the first four months of 2010). Power load began increasing in April as soon as the hot weather started. Thermoelectric plants therefore had to operate at their maximum capacity, while at the same time oil-running power production sources were mobilized. But, the actual power consumption was lower than expectation, while organizations and individuals practiced power efficiency and conservation so electric cut almost didn't need to be done in April and it is expected not to be seen in May.
Oil and gas mining inside and outside the country keeps being stable and safe. Crude oil extraction was an estimated 1.19 million tonnes in April 2011, an increase of 2.6 percent over April 2010, taking the total to 4.9 million tonnes in the first four months of this year, 2.3 percent more than the same period of 2010 and 32.5 percent of the 2011 target. Natural gas extraction was an estimated 0.78 billion cubic meters in April 2011, taking the total to 3.12 billion cu.m in the first for months of this year, the latter of which is 38 percent of the year's target. The Dung Quat Oil Refinery operated again on May 4 after a period of halting operation for maintenance. It refined more than two million tonnes of oil of different kinds in the first four months of this year, 38.6 percent of the year's target and 46.5 percent more than the same time last year.
In the first four months of 2011, coal production and sales were rather stable and safe and higher than the same time last year. Clean coal production was more than four million tonnes in April 2011, up 9.8 percent from April 2010, taking the total to 14.9 million tonnes in the first four months of this year, an increase of 3.1 percent over the same period of last year. Coal sales were an estimated 13.8 million tonnes in the first four months of 2011 including 10.1 million tonnes sold domestically and 3.7 million tonnes exported, the latter of which is equal to 58.9 percent of the same time last year.
Although the demand for steel tended to decrease after the first quarter due to the policy on cutting state investment and the delay of unnecessary projects, steel production increased. Round steel production was an estimated 455,000 tonnes in April 2011 (up 12.6 percent from March 2011 and up 26.1 percent from April 2010), taking the total to 1.53 million tonnes in the first four months of this year (eight percent more than the first four months of 2010).
Textile/garment kept being the biggest export, while the textile/garment sector's production was stable and continued to grow. Textile and garment exports in the first four months of 2011 were higher than the same time in 2010 in terms of value. In the first four months of 2011, production of cotton fabrics increased 1.4 percent over the same time in 2010, while that of fabrics made from synthetic and artificial fibers increased 12.1 percent, production of garments for adults was up 17.6 percent, and textile and garment exports improved 33.1 percent in value.
Leather and footwear production in April 2011 was more stable and higher than April 2010. Specifically, about 28.8 million pairs of sports shoes (up 8.2 percent) and 4.5 million pairs of imitation leather shoes (up 6.7 percent) were made in April 2011. These take the total to 107.1 million pairs of sports shoes and 16.5 million pairs of imitation leather shoes in the first four months of this year, up 17 percent and 4.5 percent from the same time in 2010, respectively. Footwear exports came to an estimated US$1.74 billion in the first four months of 2011, while footwear was the third biggest export of Vietnam, after textile, garment and crude oil. Vietnamese footwear products, including sports shoes, canvas shoes, leather shoes, and sandals of different kinds, are exported to 50 countries and territories worldwide.
However, Minister of Industry and Trade Vu Huy Hoang assessed that in the coming time inflation and high bank interest rates will cause industrial production to face more difficulties so to maintain a high growth the ministry’s units need to strengthen inflation control solution application and businesses need to increase their use of domestically produced machinery and materials to decrease trade deficit. The entire sector needs to work hard to assure that industrial production in the coming months reaches a growth rate which is not lower than that in the first several months of this year, he said./.
Source: VEN
