Sport shoes and sandals continued to show a drop in production in May
In the first 5 months, the index of industrial production increased by 1.9 percent over the same period (15.1 percent in the same period). In which, processing and manufacturing industry increased by 1.6 percent; electricity production and distribution increased by 8.6 percent; water supply, waste management and treatment increased by 8.9 percent over the same period.
In general, in May, industrial production continued to suffer losses, the level of damage was more than in the first quarter of 2020. The cause, in May, European countries, the US, the epidemic disease was still complicated, trade was still difficult, orders were not been recovered, and the phenomenon of canceling orders and purchasing power has decreased.
However, according to the review, the level of damage in May tended to decrease compared to April. If in April, there were 35 out of 75 groups of industries and industrial products with the growth rate, 44 out of 75 groups will have their growth rates in May 2020.
Milled rice is one of the products, an increase in production in May
Sectors with increasing products such as milled rice, aquatic feed, mineral water, boxes, cardboard boxes, paints, varnishes, etc. semi-finished products, sports shoes, bottled beer, artificial cotton yarn, packaging, animal feed, ...
As noted, product groups increased but it was not a positive sign. At the same time, supportive policies on tax, interest rates, electricity, etc., which were implemented in April 2020, have supported businesses to reduce costs as well as motivation to overcome difficulties and take advantage of opportunities after the epidemic is over./.
Reported by Mai Huong
Translated by NT