May’s results lifted total industrial production in the first five months of this year to US$15.9 billion, a year on year increase of 13.6 percent.

GSO attributed the increase to the rebound of the world economy, which has helped boost domestic industrial production. Items that achieved high growth in the first five months included liquefied petroleum gas (LPG) with 220, 400 tonnes, up 93 percent, against the same period last year; air conditioners with 281,400 units, up 45.7 percent; and tyres with 790, 500 units, up 43.2 percent.

Production of cement, ceramic titles, trucks and motorbikes also gained high growth of between 16.2 and 35.7 percent.

However, crude oil exploitation in January-May period decreased by 17.9 percent to 5.97 million tonnes.

Some provinces and cities reported high growth, including Vinh Phuc province up 41.9 percent, Phu Tho province up 24.1 percent and Da Nang City up 20.1 percent.

In the first five months, industrial production of domestic firms posted an increase of 12.4 percent while the rising figure of foreign invested firms was 16.7 percent.

GSO experts forecast that the growth of industrial production in the coming months would remain the same or even higher than that of the first five months thanks to increasing exports to large markets including the EU and the US.