Private sector industrial output grows 21%

The Ministry of Planning and Investment reports industrial production grew 14.4% in May compared with the year-earlier period bringing the first five months rate to 15.3% year-on-year.

Industrial output by the state-owned sector increased 12.4% yoy, the private sector 21.6%, and foreign-invested sector up 14%. Products with high industrial output growth rate are motorbikes 40.9%, finished bicycles 130%, processed seafood 30.4%. Garments, fertiliser, paper and construction materials all posted high industrial production rates.

 

Category: Economy