Domestic trade and industry fulfill 2008 targets
VGP – With a growth rate of 29.5% against 2007, the trade and industry sector has realized many set targets, especially in the field of export. The overall export turnover hit US $62.9 billion.
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In 2008, retail sale and services increase by 31% against 2007 |
Thanks to drastic control over dispensable imports, the trade gap has been considerably reduced to around US $17 billion (accounting for 27% of the export turnover).
The industrial sector is supposed to reach VND 660,000 billion, 14.6% higher than last year’s figure.
The State-owned sector went up 5.5%, while foreign invested and non-State sectors made a big leap forward to 19.2% and 20.4% respectively.
The Ministry of Industry of Trade reported that many cities and provinces with high industrial percentage in their economic structure have significantly contributed to the sector’s growth. These localities included Vĩnh Phúc (increasing by 21.8%); Bình Dương (21.3%); Đồng Nai (20.7%); Hải Phòng (up 18.5%) and former Hà Tây (up 11.7%) against those of last year.
Despite negative influences of the world financial turbulence on national production and consumption, the domestic industrial and commercial sector kept maintaining high growth rates and supplying people with various goods. The total of retail sales and services is expected to score VND 967,000 billion, up 31% against the previous year.
By Kim Loan
