vietnam industry growth dec01

revue de presse nhân dân

This year's growth rate of the industrial sector is expected to reach 14.5%, a 0.5% increase over the government's plan, according to the Ministry of Industry.

The export turnover of the sector has reached nearly US $11 billion, including a US $3.3 billion earning from crude oil export, accounting for 70% of the national export turnover.

Many industries such as garments and textiles, footwear, milk, vegetable oil, coal and engines have seen a higher growth rate over the last year. The garment and textile sector is expected to reach an export turnover of US $2.15 billion altogether, 13% up as compared with that of last year. It is expected that in the years to come, the garment and textile sector can maintain a high growth rate thanks to advantages of workforce and investment environment. 

The export turnover of the footwear industry earned US $1.6 billion, US $250 million more than that of last year while electronics has seen a slight reduction but still reached over US $800 million. Earnings from exports of milk were US $187 million, vegetable oil US $32 million and anthracite coal US $95 million. Particularly, Vietnam has signed a US $15 million contract to export domestically manufactured buses to the Middle East for the first time