INDUSTRY REVIEW

PAST PERIODS

VIETNAM INDUSTRIAL OUTPUT FROM 2005 TO 2010 (Planned 2004)

Vietnam Industry Output in year 2005 (major industries)

Vietnam's industrial production value climbed to VND416.863 trillion in 2005, 17.2 percent higher than in 2004. The Ministry of Industry reported that in 2005, the industrial production totaled VND416.863 trillion, 17.2 percent more than in 2004. Of this, the production value of the state sector accounted for 34.3 percent and increased 8.7 percent over 2004, while that of privately owned businesses accounted for 28.5 percent and increased 24.1 percent. The foreign invested sector's production value represented 37.2 percent of the total and was 20.9 percent more than in 2004. Businesses in this sector were competitive in both domestic and foreign markets.

Many industrial products saw a high growth in value, including nitrogenous fertilizer increasing by 95.5 percent, powdered milk and nutritional powder by 64.8 percent, assembled automobiles 28.9 percent, coal 22.8 percent, beer 20.6 percent, condensed milk 15.3 percent, garments 12.9 percent, and cement 10.3 percent. Some mechanical products became more competitive, including tool machines that increased by 34 percent, assembled automobiles by 29.8 percent, electric fans 11.7 percent and electric motors 9.7 percent.

Vietnam earned US$24.5 billion from exported industrial goods in 2005, accounting for 76 percent of Vietnam's total export revenue in the same year, and 23.1 percent more than in 2004. Of the seven items that brought in export revenue of more than US$1 billion each, five items: crude oil, textile-garment, footwear, electronics and wood products, were from the industrial sector. Businesses under the Ministry of Industry paid VND37.886 trillion in taxes to the state budget, an increase of 44.38 percent over 2004. Of this, the Vietnam National Oil and Gas Corporation (PetroVietnam) accounted for 55.91 percent. The industrial sector had before-tax profits of VND43.995 trillion in 2005, 57.77 percent higher than 2004. Of the sector's member units, five had a rate of profit per revenue of more than 10 percent. Of these five businesses, PetroVietnam ranked first with a rate of 54.55 percent, the Vietnam Engine and Agricultural Machinery Corporation (VEAM) ranked second with a rate 19.65 percent and the Saigon Liquor, Beer and Beverage Corporation ranked third with a rate of 19.21 percent. (Source: Vietnam Economy News / By Hai Nam)

Vietnam Industry Output in year 2004 (major industries)

Vietnam industrial output for the whole of 2004 would rise 16 percent from a year earlier to 354.03 trillion dong ($22.5 billion), exceeding a government target for a 15.6 percent growth.

Industrial output in December is expected to rise 15.8 percent year-on-year to 31.33 trillion dong ($1.98 billion), the government's General Statistics Office said in a report.

The country recorded a 16 percent expansion in the industrial sector last year. The parliament has set an industrial growth target for 2005 of between 15.5 percent and 16.0 percent.

Contribution of economic segments into GDP growth rate

Economic Sector	%
Agriculture - Forestry and Fishery	0.70
Service	3.00
Industry - Construction	3.90

Vietnamese industrial output (percent change from a year earlier):

Economic Sector	% of growth (yoy)
State-owned enterprises (SOE)	11.80
Non-stated enterprises (Vietnamese)	22.80
Foreign Invested Enterprises (FIE	15.70

Vietnamese industrial output (by provinces): - Click on graph to see full size

Agriculture - Forestry- Fishery gross out (1991 - 2003) - By Percentage (NEW !)

By Production value (VND billlion)

% Industrial Growth Out Put (2000 - 2005) (NEW !)

Review of Vietnam Industrial Output in year 2003

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