Vietnam Jan industrial output seen up 15.7 pct y/y

Newswire

HANOI, Jan 23 (Reuters) - Vietnam on Monday estimated its industrial output in January would grow 15.7 percent from a year earlier to 37.29 trillion dong ($2.35 billion). That is less than half the annual growth rate recorded in the same month last year of 32.4 percent, due mainly to a sharp fall of more than 20 percent in automobile production by the 11 foreign car makers operating in the country due to higher taxes. Vietnamese industrial output rose more than 17 percent last year, ...

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