Vietnam Jan-Aug industrial output rises 17 percent |
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Tue, 28 Aug 2007 07:20
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HANOI (Thomson Financial) - Vietnam's industrial production rose 17 percent in the first eight months of 2007 against the same period last year, the government said Tuesday.According to the General Statistics Office (GSO), the total value of industrial output was more than 377,000 billion dong or 23.56 billion dollars in January to August.Vietnam, a developing country of 84 million people with annual economic growth above eightpercent, joined the World Trade Organisation early this year, boosting foreign trade and the inflow of investment.The non-state sector led in terms of production with 20.5 percent annual growth, but the foreign-invested sector topped production value with 9.1 billion dollars, the GSO said, citingestimates.There were 814 new foreign investment projects licensed in Vietnam during the eight-month period with a total registered capital of 7.1 billion dollars.South Korea topped the list in both the number of new projects, at 238, and total investment value of more than 1.7 billion dollars. It was followed by Singapore and the British Virgin Islands.Also during the period, foreign investors poured 1.2 billion dollars into 247 existing projects.afp/mszr/msCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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