The Ministry of Planning and Investment (MPI) calculated today that the industrial production index in the first five months increased 4.2 per cent over the same term last year.
HA NOI –
In the meeting to review the economy in the first five months, the MPI stated that it was a relatively low increase while industrial production had continued to develop at a steady rate.
The MPI also noted that inventories of some industrial products were still high, for example, cement and lime mortar was up 52 per cent over last term, motor vehicles was 56.5 per cent higher, motorcycles 42.3 per cent higher, and beer was of up 29 per cent.
The Ministry reported that Viet Nam had signed US$2.1 billion of ODA investment with foreign partners and had already disbursed $530 million. Viet Nam also attracted $5.33 billion of foreign direct investment (FDI), 68.2 per cent of the same period in 2011, while disbursement reached $4.5 billion, approximately the same as last year.
Total state budget revenues in the first 5 months reached over VND291 trillion ($13.8billion), 39.3 per cent of the annual plan, an increase of 3 per cent over the same term last year.
To conclude, deputy minister Cao Viet Sinh said though the economic situation was improving, it was still unstable.
Sinh asked the ministry to pay special attention to domestic market progress while stimulating domestic consumption and reducing inventories. He also said easier access to loans for enterprises was essential. – VNS