Accumulated, in the first 7 months of 2020, the index of industrial production increased by 3.41 percent compared over the same period (the same period increased by 15.1 percent). In which, processing and manufacturing industry increased by 3.2 percent; electricity production and distribution increased by 8.4 percent; water supply, waste management and waste treatment industry increased by 9.6 percent over the same period.
Accordingly, there were 45 out of 75 industrial products groups increased in July. Typically dried cashew nuts, milled rice, aquatic food, T-shirts for adults, woven fabrics of man-made fibers, backpack production, carton boxes, cardboard boxes, paints, varnishes,...Decreasing industries are mainly concentrated in manufacturing sectors such as animal feed, bottled beer, canned beer, non-carbonated mineral water, artificial silk thread, artificial cotton yarn, clothing, bags, shoes, sports sandals, ...
Despite many difficulties due to the effects of the Covid-19 epidemic, many businesses have made efforts and reasonably balanced their production and business activities, so many manufacturing industries still have good growth. In order to promote the development of industrial production, in the remaining months of the year, the Department of Industry and Trade continues to coordinate with other departments to focus on reviewing and removing difficulties in time for product industries and production projects in the field of industry, especially processing and manufacturing industries. This will help for businesses improve production capacity, expand production and business scale. At the same time, this will support for businesses to find enterprises producing raw materials, components and accessories in the country that can afford to replace import sources to actively produce.
Reported by Mai Huong
Translated by NT