Industrial production value grows 17.2 percent in 2005
(VNA) -This year, the industrial sector showed a 17.2 percent increase in production value to 417 trillion VND (roughly 26.39 billion USD), 1.2 percent higher than the set target.
The domestic private sector posted the highest production value growth of 24.1 percent, followed by the foreign invested sector, with 20.9 percent, and the State-owned sector, with 8.7 percent.
Products registering substantial year-on-year value increases include clean coal, rolled steel, nitrogenous fertiliser, automobiles, machine-tools, and tiles.
Still, the industrial sector has met with difficulties in increasing its added value growth, which stood at 10.6 percent this year, failing to reach the set target of 11 percent.
The Industry Ministry attributed the situation to slowness in reducing production costs and heavy dependence on imported raw materials./.
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