Vietnam's industrial production value is estimated to be more than 300 trillion Vietnamese dong (VND) ( 15.8 billion U.S. dollars) in the first five months of this year, according to the Ministry of Industry and Trade.

The figures represent a 13.6 percent rise compared to the same period last year.

In the first five months, Vietnam's major industries registered high growth with power sector rising 17.7 percent, followed by chemical industry growing 16.7 percent.

The machines and equipment value jumped 47.5 percent during the period and paper industry grew 17 percent.