Vietnam’s industrial production value in 2013 grew by 7.4 percentfrom last year’s figure thanks to the remarkable recovery of theprocessing and manufacturing industry.
The information was heard at a meeting held by the Ministry of Industry and Trade (MIT) in Hanoi on December 30.
According to the ministry, the processing and manufacturing enjoyed amuch higher growth than the 5.5 percent increase in 2012 and accountedfor 71 percent of the entire sector’s added value. Inventories in thefield gradually fell over months.
By December 1, the inventoryindex only saw a year-on-year rise of 10 percent compared to a 21.5percent increase at the beginning of the year.
Meanwhile, thescale and growth of Vietnam’s exports were higher than expected,helping the country gain trade surplus.
The export structurewas shifted in line with industrialisation orientations and the ten-yearimport-export development strategy until 2020 with a vision towards2030. Accordingly, processed goods accounted for 71 percent of totalexports, followed by agro-aquatic products with 15 percent, and mineralsand fuels, 7 percent.
Particularly, telephone and spare partssurpassed garments to become the largest hard currency earner with 21.5billion USD, making up 16 percent of the country’s total export turnoverand enjoying an impressive growth of 69.2 percent.
Theimport-export activities of domestic enterprises recovered and tended toincrease. Their 2013 export turnover was estimated to grow 3.5 percent,up 2.3 percent against the previous year.-VNA
The information was heard at a meeting held by the Ministry of Industry and Trade (MIT) in Hanoi on December 30.
According to the ministry, the processing and manufacturing enjoyed amuch higher growth than the 5.5 percent increase in 2012 and accountedfor 71 percent of the entire sector’s added value. Inventories in thefield gradually fell over months.
By December 1, the inventoryindex only saw a year-on-year rise of 10 percent compared to a 21.5percent increase at the beginning of the year.
Meanwhile, thescale and growth of Vietnam’s exports were higher than expected,helping the country gain trade surplus.
The export structurewas shifted in line with industrialisation orientations and the ten-yearimport-export development strategy until 2020 with a vision towards2030. Accordingly, processed goods accounted for 71 percent of totalexports, followed by agro-aquatic products with 15 percent, and mineralsand fuels, 7 percent.
Particularly, telephone and spare partssurpassed garments to become the largest hard currency earner with 21.5billion USD, making up 16 percent of the country’s total export turnoverand enjoying an impressive growth of 69.2 percent.
Theimport-export activities of domestic enterprises recovered and tended toincrease. Their 2013 export turnover was estimated to grow 3.5 percent,up 2.3 percent against the previous year.-VNA
