Vietnam’s industrial output value up in 2004
The General Statistics Office (GSO) said Vietnam's value of industrial output reached VND 354 trillion (approx. $22.4 billion) in 2004, indicating a rise of 16% over 2003. The industrial output value accounted for 41.4% of the country's GDP (Gross Domestic Product). This figure was 39.1% in 2003. In addition, the private sector accounted for 26% of the total industrial output value and foreign-invested sector 37%. The export value of industrial products continued its annual growth and is expected to amount to $18.6 billion in 2004, accounting for 72.1% of the country's export value. In 2004, the industrial sector found new markets such as Africa, Latin America and the Eastern Europe in addition to the old ones in Northeast and Southeast Asia, the EU and the US.