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Industrial production reached 435 trillion VND (23 billion USD) in the first seven months of this year, up 13.5 percent over the same period last year, said Quang Ha, from the General Statistics Office (GSO).

Ha said the figures showed that Vietnam's industrial production had stabilised.

Foreign-invested enterprises saw the strongest growth, with the value of industrial production reaching 183 trillion VND (9.6 billion USD), up 17 percent. Meanwhile, non-State domestic firms saw a production of 154 trillion VND (8.3 billion USD), an increase of 12.6 percent against the same period last year.

State-owned firms earned just 98 trillion VND (5 billion USD), accounting for 22.5 percent of the total industrial value.

The processing sector, which accounts for 89 percent of total industrial production, posted the highest growth.

Items that achieved good growth in the first seven months included liquefied petroleum gas (LPG), production of which reached 320,000 tonnes, up 100 percent against the same period last year; trucks, 20,200 units, up 25.9 percent; and motorbikes, 2 million units, up 21.8 percent.

However, some products failed to meet expectations, such as processed seafood, which saw production reached 702,000 tonnes, an increase of 13 percent over the same period last year; and coal, 25 million tonnes, up just 2.2 percent against the same period last year.

Meanwhile, crude oil production fell by 14.5 percent to 8.5 million tonnes, while steel production dropped 0.2 percent to 2.5 million tonnes./.

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