Vietnam recorded an increase of 6.5 percent

Hanoi (VNA) – Vietnam recorded an increase of 6.5 percent in its
industrial production value in the first nine months of this year, according to
the Ministry of Planning and Investment (MoPI).

This was achieved by a 13.8 percent jump or 63.2 trillion VND in value in
September.

Industrial production has shown signs of recovery with its growth rate improving
from 2.1 percent in the first quarter of the year to 4.8 percent for the year’s
first half and 6.5 percent for the January-September period.

All the three sectors - State-owned, private and foreign-invested sectors -
achieved growth rates of 3.1 percent, 8.4 percent and 7 percent, respectively.


The production value of crude oil posted the most impressive growth, followed by
cement and steel, power, footwear, detergents and domestic appliances.

Meanwhile, the processing industry has only seen a modest growth in the past nine
months due to a fall in consumer demand.

The MoPI forecasts that the value of industrial production will continue to rise
in the remaining months of the year due to positive impacts of stimulus
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