Hanoi’s industry achieves steady growth

July 27, 2011 | 09:51

(0) user say

Hanoi’s industrial sector maintained significant growth in the first seven months of this year, reaching VND68.472 trillion of production value, up 12.6 per cent over the same period last year, according to the Hanoi Statistics Department (HSD).

illustration photo

The foreign-invested sector attained the highest production value at VND31.593 trillio, a year-on-year increase of 14.8 per cent.

This was followed by the private economic sector, with more than VND22.143 trillion, up 19 per cent over the corresponding period last year, and the state economic sector, VND14.734 trillion, higher by 9 per cent compared to the same period last year.

Based on production value, the processing sector accounted for the greatest proportion. It was the deciding factor in promoting growth of productive value in the sector, with an estimated value at VND65.311 trillion in the first seven months of this year, a year-on-year rise of 12.9 per cent.

Some key products to keep their high growth rate included cigarettes, beer, sanitary products, motorbikes and domestic electric fans.

According to general director of HSD Cong Xuan Mui, the businesses in the sector actively sought new markets and took advantage of incentive policies of the government as well as the city to restructure their production and products.

VIR/VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional