Industrial production index grows with "3 spot" option

According to the report on industrial production and trade activities in July and 7 months of 2021, the index of industrial production (IIP) in July 2021 only increased by 1.8% compared to the previous month and increased by 2 .2% over the same period last year, which is the lowest increase in the past 7 months (except February with the fewest working days). In which, the mining industry in July decreased by 8%; processing and manufacturing increased by 2.9%; electricity production and distribution increased by 6.7%; water supply, management and treatment of waste and wastewater increased by 4.4% over the same period.

In the first 7 months of 2021, IIP is estimated to increase by 7.9% over the same period last year, much higher than the 2.6% increase in the same period in 2020 and lower than the increase of 9.4% in the same period last year. 2019. Of which, the processing and manufacturing industry increased by 9.9% (in the same period in 2020 by 4.2%), contributing 8.1 percentage points to the overall growth; electricity production and distribution increased by 8.2%, contributing 0.7 percentage points; water supply industry, waste and wastewater treatment and management activities increased by 5.6%, contributing 0.1 percentage points; the mining industry alone decreased by 6.3%, reducing 1 percentage point in the overall increase.

According to the report on industrial production and trade activities in July and 7 months of 2021, the index of industrial production (IIP) in July 2021 only increased by 1.8% compared to the previous month and increased by 2 .2% over the same period last year, which is the lowest increase in the past 7 months (except February with the fewest working days). In which, the mining industry in July decreased by 8%; processing and manufacturing increased by 2.9%; electricity production and distribution increased by 6.7%; water supply, management and treatment of waste and wastewater increased by 4.4% over the same period.

Production indexes in the first seven months of 2021 of a number of key industries belonging to level II industries increased sharply compared to the same period last year, such as: Metal production increased by 34.7%; motor vehicle production increased by 30.6%; production of leather and related products increased by 14.2%; production of machinery and equipment not elsewhere classified increased by 13%. In the opposite direction, a number of industries had a decrease in production index: Crude oil and natural gas exploitation decreased by 10.4%; hard coal and lignite mining decreased by 2.9%; repair, maintenance and installation of machinery and equipment decreased by 1.1%; Other processing and manufacturing industries decreased by 15.8%.

Some key industrial products in the first 7 months of 2021 increased sharply compared to the same period last year, including: Rolled steel increased by 55.9%; mobile phone components by 40%; automobiles increased by 39.6%; leather shoes and sandals increased by 19.3%; iron and crude steel increased by 16.2%; NPK compound fertilizer increased by 15.4%; mobile phones increased by 14.1%; fabrics made from man-made fibers and natural fibers together increased by 10.6%; casual wear increased by 9.5%. Meanwhile, some products decreased compared to the same period last year: Gaseous natural gas decreased by 13.4%; televisions of all kinds down 10.3%; urea fertilizer decreased by 5.2%; crude oil fell by 5.9%; clean coal decreased by 2.8%.

For 19 provinces and cities directly under the Central Government in the South implementing social distancing according to Directive No. 16/CT-TTg to prevent and control the Covid-19 epidemic, there are 7 localities with a decrease in the IIP index in July compared to the previous year. same period last year include: Ho Chi Minh City down 19.4%; Long An down 14.6%; Ca Mau decreased by 13.7%; Dong Thap down 5.7%; Tra Vinh down 5.3%; Ba Ria - Vung Tau down 1.9%; Ben Tre fell 0.2%. However, some localities have an increased IIP index because some industrial parks are determined not to break the supply chain, ensure the requirements of disease prevention with option 3 in place, so they are allowed to operate to continue. perform production orders signed previously, specifically:

Bac Lieu increased by 13.7% due to an increase in electricity production of 137.6% (addition of Dong Hai 1 wind power plant connected to the grid in February 2021, Cong Ly wind power plant, Hoa Binh wind power plant connecting to the grid). March 2021; Binh Phuoc increased by 12.2% due to an increase of 29.5% in food production and processing; Hau Giang increased by 10.1% due to an increase of 3.3% in food production and processing; production of leather and related products increased by 27.2%; beverage production increased by 76.4%; Kien Giang increased by 8.8% as production of other non-metallic minerals increased by 6.5%; production of leather and related products increased by 69.5%; electricity production increased by 14%; Can Tho increased by 8.1% as food production and processing increased by 20.2%; production of chemicals and chemical products by 42.7%; tobacco production increased by 3.9%; production of rubber and plastic products increased by 30.6%; production of motorcycles and motorbikes increased by 52%; Soc Trang increased by 7.6% as food production and processing increased by 3.6%; beverage production increased by 67.4%; An Giang increased by 6% as the textile industry increased by 20.2%; apparel production increased by 0.9%; production of leather and related products increased by 10.1%; production of other non-metallic minerals increased by 14.6%.

Notably, Bac Ninh and Bac Giang provinces have basically controlled and controlled the epidemic, and production activities in industrial zones have gradually recovered. The growth rate of the IIP index in May, June and July compared to the same period last year of the two provinces of Bac Giang and Bac Ninh respectively: Bac Giang in May decreased by 26.7%; June down 49.8% and July 15.3%; Bac Ninh increased by 23.9%; down 8.6% and up 1.1%.

Hanoi city started implementing social distancing from July 24, 2021, the IIP index of July 2021 increased by 7.8% over the same period last year.

Ngan Giang (According to moit.gov.vn)