Regarding the industrial production index (IIP), the industrial production growth of Jan-Sep of 2009 gained 6.2 percent compared with the previous year, especially the ore mining, production and distribution of water electricity saw a fairly high gross.

In details, the ore mining industry surged 11.8 percent in the period while the production and distribution of water, electricity and gas were up 7.9 percent whereas the growth of processing industry only was 3.6 percent.

Meanwhile, the production of clean coal soared by 4.2 percent, crude oil up 17.6 percent, natural gas 2.1 percent, automobile tyres and tractors increasing by 1.7 percent, cement jumping 18.3 percent, kinds of round steel rising by 18.8 percent, air conditioners 48.2 percent, fridges 30.9 percent, motorbikes 6.2 percent, commercial water 9.7 percent and electricity growing by 11.3 percent against the same period of 2008.

Other, the production of LPG was down 1.8 percent, seafood processing falling 5.6 percent, powder milk tumbling 6.8 percent, refined sugar 21.2 percent, cotton fibre declining 16.3 percent, television 5.4 percent, and car manufacturing decreasing by 6.7 percent.

The crude oil price continued ranging between $60 and $70 a barrel, affecting the cost of transportation and prices of finished products in the domestic market. Notably, the prices of cement and steel were maintained.

As assessed, the state economy has not yet confirmed the important role in boosting the industrial production as only reaching the growth of 3.1 percent in first nine months of 2009 while the non-state economy and foreign invested companies posted an impressive gross of 8.4 percent and 7 percent correspondingly.

MPI forecasts that the total industrial production value of 2009 could be 693.8 trillion dong, rising by 7.2 percent year-on-year.

Thoi Bao Kinh Te Vietnam - September 25, 2009