Ten factors aided industry in 2006 (12-01-2007) The industrial sector recorded strong growth in 2006, contributing heavily to the country’s overall economic expansion. The Ministry of Industry last week highlighted ten contributing factors. The electricity meter assembling line of the Electricity Company 1 run by EVN with South Korean collaboration. The industrial sector accounted for 66.8 per cent of the total of $5 billion FDI capital in Viet Nam last year. — VNA/VNS Photo Ngoc Ha 1. Development momentum Industrial output in 2006 topped VND490 trillion (US$30.63 billion), which was 1.5 per cent higher than initial expectations and represents a 17 per cent year-on-year increase. Industrial exports were $30 billion, which represents more than three-quarters of the total value of all shipments made last year and is 22.4 per cent higher than the 2005 value. 2. The establishment of four industrial groups Four leading State-owned enterprise – Viet Nam Oil and Gas Corporation (PetroVietnam), Electricity of Viet Nam (EVN), Viet Nam Coal and Minerals (Vinacomin) and Viet Nam Garment and Textile (Vinatex) – were reorganised and equitised. The four groups account for 10 per cent of the country total’s industrial output value and 30.6 per cent of the State-owned industrial…
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