The country’s industrial production value in the first seven months of this year reached up to VND382,346 billion, rising by 16.4 percent compared to the same period last year. The non-State sector led the nation in terms of industrial growth (22 percent), followed by the foreign-invested sector (17 percent).

Localities having a high industrial production growth include Hanoi, Hai Phong, Ha Tay, Hai Duong, Can Tho, Da Nang, Binh Duong, Dong Nai and Vinh Phuc, with a year-on-year increase of between 15 percent and 31 percent.

The ministry said that some key industrial sectors, such as coal, steel and fertilizer, obtained a sustainable growth to meet demand on the domestic market. However, the ministry asked businesses to diversify production patterns, develop new products, reduce production costs and increase competitiveness in order to stabilize market prices.