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29/03/2020 - 21:22

Long An industrial production index in QI/2020 increases by 3.63 percent

Long An Department of Industry and Trade informed that the situation of production and business in the province increased in the first quarter of 2020 but the increase was low, due to the impact of the Covid-19 epidemic. The index of industrial production in the province increased by 3.63 percent over the same period (the same period increased by 15.3 percent). In which, processing and manufacturing industry increased by 3.43 percent; electricity production and distribution increased by 9.37 percent; water supply, waste management and waste treatment increased by 7.05 percent over the same period.

Fertilizer is the industrial production group with the growth rate over the same period

Fertilizer is the industrial production group with the growth rate over the same period

Accordingly, most of the manufacturing industries are affected because raw materials depend on imports from China and South Korea. In many businesses, production plans are slower than schedule such as leather shoes, steel and chemicals. Particularly, garment still have raw materials for production until April 2020 although it is affected.

In addition, the consumption of products is also affected because the export faces many difficulties due to delayed orders, increasing inventories, especially in the shoe industry, manufacturing metal structures, fiber industry and beer. Besides, production orders for the next quarter also dropped. Due to the impact of the disease, foreign experts is not allowed to entry to work, therefore  production is delayed.

The above difficulties led to only 37 out of 75 industrial production groups increased in the first quarter and 38 out of 75 groups decreased compared to the same period.

The sectors with increased products such as production of aquatic feed, mineral water, textiles made from artificial silk, backpacks, fertilizers, paints, varnishes, and so on

Footwear production decreases in the first quarter

Footwear production decreases in the first quarter

The reducing industries are mainly cashew nut production, animal feed production, canned beer, cigarettes, yarns made from synthetic cotton, textiles made from synthetic fibers, producing non-knitted adult clothing, bags, shoes, producing plywood from wood, producing oil and lubricants, producing plastic packaging, producing cement structures, producing semi-finished iron and steel, iron rods or non-alloy steel, semiconductor devices, electric distribution and control devices, etc.

Director of the Long An Department of Industry and Trade of - Le Minh Duc informed thatthe Department will continue to review the needs of enterprises to organize programs to connect products for the textile, leather shoes, and so on in the second quarter of 2020. This activity helps businesses find sources of domestically produced materials, or find partners from many other countries to ensure continuous production, meet the business plan, contributing to the province increased production value in the industrial sector./.

By Mai Huong – Translated by Duc Tam