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Submitted by ctv_en_1 on Tue, 12/27/2005 - 10:12
This year, the industrial sector showed a 17.2 percent increase in production value to VND417 trillion (roughly US$26.39 billion), 1.2 percent higher than the set target.

The domestic private sector posted the highest production value growth rate of 24.1 percent, followed by the foreign invested sector (20.9 percent), and the State-owned sector (8.7 percent). 


Products registering substantial year-on-year value increases include clean coal, rolled steel, nitrogenous fertilizer, automobiles, machine-tools, and tiles.        

Still, the industrial sector has met with difficulties in increasing its added value growth rate, which stood at 10.6 percent this year, failing to reach the set target of 11 percent.          


The Industry Ministry attributed the situation to slowness in reducing production costs and heavy dependence on imported raw materials.

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