Today: 12/07/2020 22:15:50 (GMT+7)
THE CENTRAL AGENCY OF THE COMMUNIST PARTY OF VIETNAM BAC GIANG PROVINCE THE VOICE OF THE PARTY, GOVERNMENT AND PEOPLE OF BAC GIANG PROVINCE

Industrial production index rises again in May

The index of industrial production (IIP) increased by 11.2% in May compared to the previous month although it still decreased by 3.1% over the same period in 2019 in the context that Vietnam has taken control of the Covid-19 pandemic, the General Statistics Office (GSO) has announced.

The IIP rose by 1% across the first five months of this year the lowest level for many years. The IIP for the first five months of 2019 expanded by 9.5%.

In the five-month period, the manufacturing industry posted a growth of 2.2% (the same period in 2019 saw a 10.9% increase), electricity production and distribution recorded an expansion of 2.6%, and water supply and waste treatment saw a growth of 2.9%.

Industrial production index, May, Covid-19 pandemic, manufacturing industry, electricity production, supply chain, high growth

The IIP for the first five months of this year rose by 1%, the lowest level over many years.

Meanwhile, the mining sector decreased by 8.1%.

According to the GSO, the complicated developments of the Covid-19 pandemic around the world has disrupted the supply chain of raw materials, thus, seriously affecting industrial production.

Some key industrial products suffered sharp decreases in the five-month period including the production of automobiles (down 26.9%), sugar (down 25.4%), beer (down 24.5%), motorbike (down 15.6%), and others.

However, several industrial products reported high growth including phone components (up 18.1%), steel (up 12.1%), fertilizer (up 11.3%) and gasoline (up 10.7%).

The number of employees working in industrial businesses as of May 1, 2020 edged up by 0.9% compared to the previous month but fell by 1.7% compared to the same period last year.

Lychee production hubs seek to boost consumption amid export difficulty
Vietnam’s lychee production hubs in the North have entered the early harvest season this year and are preparing plans for its flagship fruit consumption amid export difficulties due to the Covid-19 pandemic.
 
Great effort to overcome difficulties in business and production
(BGO) – Covid-19 pandemic has seriously affected to the enterprises and manufacturing facilities in Bac Giang city (Bac Giang province). While waiting for the solution from the authority, the businesses are striving to overcome the difficulties to stabilize the operation. 
 
Chairman of the provincial People's Committee Duong Van Thai: Focusing on removing difficulties, facilitating production and business
(BGO) – On May 20, the People's Committee of Bac Giang province held a regular meeting in May. The event was chaired by Duong Van Thai, Chairman of the provincial People's Committee.
 
Bac Giang ensures sufficient power supply to living and production
(BGO) – The Chairman of Bac Giang provincial People’s Committee (PPC) Duong Van Thai on May 18 held a working session with leader of the Northern Power Corporation (NPC) and several relevant agencies about the actual situation and method to ensure the power supply in the province.  
 
Flower village to revive production
Like other residents of Ha Loi Village in Ha Noi’s Me Linh District, Nguyen Huy Ha rejoiced when their life seemed to be returning to normal after the lockdown period was lifted on May 6.
 

Source: NDO

Industrial production index, May, Covid-19 pandemic, manufacturing industry, electricity production, supply chain, high growth
 
New comment has just been added. Click here
Sort:NewBest News