November 2010: Industrial Production Hit Over VND9 trillion (US$457.66 million)

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The industrial production in November 2010 is estimated at VND93.29 trillion (US$4.74 billion).

Particularly, industrial production in November 2010 is as follows:

+ Central Industry: VND894.5 billion (US$43.19 million), up 5.5 percent over the previous month. Over the past eleven months of 2010, 10 out of 13 secondary industrial sectors show an increase in production compared with the same period last year. 31 out of 34 businesses show an increase in production over the same period last year.

+ Local State-Owned Industry: VND270.3 billion (US$13.74 million), up 5.7 percent over the previous month. The past eleven month production is estimated at VND2,664 billion (US$135.46 million), up 2.6 percent over the same period. Particularly, 10 out of 11 secondary industries show an increase in production.

+ Private-owned Industry: VND1.2 trillion (US$61.02 million), up 1.46 percent over the previous month. Particularly, 5 out of 21 industries show an increase in production from 0.3 to 0.9 percent. 14 out of 21 industries show an increased from 1 to 3 percent and 2 out 21 industries show a relatively high growth rate compared with others (up from 4 to 5 percent) over the previous month.

+ Foreign-Invested Industry: more than VND6.7 trillion (US$340.7 million), up 1.8 percent over the previous month. As of early 2010, there have been 25 new business start-ups, attracting VND1.92 trillion (US$97.63 million) in production value, up 2.5 percent over the same period. In terms of FDI businesses in November, 2010, there is a difference in growth rate ranging from minus 1 to 3.9 percent.

Due to the fact that the prices of some input raw materials have tended to increase in recent months and that bank interest rates fluctuate constantly, local businesses’ business activities have been affected.

It is estimated that over the past 11 months and throughout 2010, 21 foreign-invested industries show an increase in production and one industry shows a decrease in production over the same period.

Reported by Hoang Anh, Translated by Duy Minh