Value added products not improved much

Value added of industries in the first half of 2014 increased 5.45 percent, said the Ministry of Industry and Trade.

The growth rate is higher than the same period last year, accounting 5.19 percent, but it’s still lower than other years before 2013. The high growth rates still mainly concentrate in textile, leather and footwear, car and electronic assembly industries… so the value added products have not raised much. The speed of technology and equipment innovation hasn’t met the requirement, the input materials of production still mostly depend on importing source.

Enterprises haven’t been initiative much in production. However import turnover of commodities which serve production, processing and assembling still remain at the high growth rate, said Ministry

Ng.Quang – Translated by Mai Quyen

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