Industrial output in the first two months of this year reached 5.75 billion US$, a year-on-year increase of 17.5%, according to General Statistics Office (GSO).
Foreign firms, which registered nearly 39% of January and February's total output, saw the highest growth of 22% to 2.24 billion US$, while private domestic companies experienced a 19.8% increase to more than 2 billion US$. State-owned enterprises saw an industrial production increase of 8.8% year-on-year to 1.5 billion US$.
Key industries saw growth rates higher than the average figure of all industries, including automobiles (+36.8%), diesel engines (+35%) and toilets (+27.9%).
Coal production reached 6.9 million tonnes during the reviewed period, rising 24.9% year-on-year, while cement production generated 5.1 million tonnes, up 23.6%.
Despite impressive growth figures, several industries slipped in the first two months of the year, including crude oil down 1.9%, liquefied natural gas (7.9%), electrical motors (23%) and bicycles production (59%).
The northern provinces of Vinh Phuc and Hai Duong, the southern province of Binh Duong and the northern city of Hai Phong led industrial output with growth rates ranging from 18.1% to 58.2%.
However, two largest cities of Hanoi and Ho Chi Minh City saw industrial production growth of
only 16%, lower than the national average of 17.5%.
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