Vietnam industrial output up 14%
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Industrial output grew 14 percent this year, surpassing projections of 12 percent, to reach VND794.2 trillion (US$40.8 billion), according to the Ministry of Trade and Industry.
Output at foreign-invested firms rose 17.2 percent to $17.1 billion.
Non-state businesses reported 14.7 percent growth to $14.7 billion while state-owned industries increased production by 7.4 percent to $9 billion.
The processing sector accounted for VND710.9 trillion ($36.4 billion), or 89.5 per cent, of the total output, with liquefied natural gas posting 62.4 percent growth and the paint and coating industry reporting 34.7 percent growth.
Breweries and glassmaking also saw faster growth rates than the overall average.
The mining and petroleum industries saw a reduction in output, with crude oil production dropping 8.8 percent to 14.97 million tons and coal production down by a marginal 0.2 percent to 44.1 million tons.
Industrial production had grown by 7.6 percent last year.
Industry has expanded at 15-17 percent a year in the last eight years.
