Vietnam’s industrial production for April was valued at VND54.988tril (US$3.43bil), reports the General Statistics Office.

This took the total value for the first four months to VND215.5tril ($13.5bil), a year-on-year increase of 16.4%.

The figure is slightly higher than the 16.3% of the first quarter and well above the National Assembly’s target of 5%.

Industrial production value would have been higher but for a 4.3% fall in crude oil output.

Total production was 5.2mil tonnes.

Natural and liquefied gas production also fell.

The highest growth - 16.8% - was in the foreign-invested sector which earned $5.7bil.

The value of non-State sector production increased by 22.1% ($4.73bil) and the State-owned by 7.9% ($3.40mil).

High value goods such as passenger vehicles, tyres, tractors, processed aquaculture produce, garments and household appliances, including TV sets and washing machines, on all recorded high growth.

The value of coal, fertiliser, crude oil, natural and liquefied gas, cement. powdered milk, beer, glass, fabric and adult footwear fell against the same months of last year, says the statistics office.

The value of industrial production was higher in Hai Duong, Binh Duong, Ha Tay and Dong Nai provinces as well as the cities of Hai Phong and Can Tho.

But the figure for Hanoi, 15.2%, and HCM City, 14.6%, was lower than the national average.

(Source: Viet Nam News)