BUSINESS Updated at 15:27:39 08/04/2020  (Views:  53 )
Binh Thuan

Binh Thuan’s industrial production posts stable growth rates in 2020’s 7 months

BTO - Industrial production in Binh Thuan province in July has maintained its stability, with rather high growth rates  of manufacture, processing, electricity production and distribution, water supply, waste water and garbage treatment. 

In comparison with the same month last year, the overall industrial production index reached an increase of 20.57% in July. In which, mining industry posted an increase of 1.32% while processing and manufacturing industry saw a 11.12% increase. Electricity production and distribution reported an increase of 23.47%. Water supply, waste water and waste treatment achieved a combined increase of 15.15%. Generally, accumulative index of the first 7 months of this year raised 15.79% over the same period last year, with the highest increase of electricity production and distribution (20.33%).

Industrial production value of the first 7 months of this year reached an estimate of VND 20.524 trillion (under the comparative price of 2010), accounting for 56.36% of the year’s plan and raising by 9.83% compared with that of the same period last year. In July, many products posted increased output, such as: sand and gravel (5.54%), stone (9.59%), salt (51.61%), frozen seafood (10.42%), cashew nut (29.34%), mineral water (4.55%), brick (6.98%), tap water for production (5.12%), electricity for production (20.85%),  wooden furniture (12.14%), animal feed (14.36%). In the meantime, a number of industrial products suffered from falling productivity, as follows: dried seafood (18.13%), fish sauce (5.15%), ready-to-wear clothes (4.56%) processed rubber latex (11.39%), footwear (19.41%).

Production in industrial parks has resumed after being impacted by COVID-19 pandemic. Enterprises have planned to cut labour force and listed employees who need government support in line with Resolution N.42 of the Government.

Translated by Phuong Lan (Source: binhthuan.gov.vn)

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