Falling inline with Viet Nam's rapidly expanding economy, industrial production value for the first five months of the year surged to nearly 225.78 trillion VND (14.1 billion USD), a year-on-year increase of 16.8%.
The non-State sector led the charge by posting growth of 20.4%, followed by the foreign-invested sector with 19.3%, the Ministry of Industry reported.
The State-owned sector lagged behind, recording a more modest increase of 7.9%.
May alone saw industrial production value registered at around 48.68 trillion VND (3 billion USD), a surge of 2.7% over the previous month.
Market experts have pointed to successes in the industries of steel, electric engines, machine tools, electric fans, pesticides, plastics, clothes and motorbike and automobile spare parts as key drivers for the increased output.
The Ministry of Industry did however urge the Electricity of Viet Nam (EVN) Group to ensure power is maintained to allow for sufficient supply for production to remain in high gear.
Source: VNA
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