Vietnam's Q1 industrial production surges by 15.6%

Industrial production was valued at 85 000bn Vietnamese dollars in the first quarter of this year, a year-on-year increase of 15.6 per cent, reports VNA, the Vietnam News Agency. Bicycle production is cited as one of the motors for the growth spurt.
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The non-State sector recorded 21.4 per cent increase, followed by the State-owned sector, 14.8 percent, and the foreign invested sector at 12.2 percent.

Industries recording high increases included bicycle production, motor-bike assembly, TV set assembly, coal production, seafood processing, soap and detergent production, and flooring tiles.

Vietnam's bicycle and parts exports totalled $155m in 2003, a 125 percent increase over 2002.

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