Industrial production value increases by 6.7% in August
Department of Industry and Trade just announced industrial production value in August which saw an increment of 6.7% higher than previous month, accounting for over VND 12,049 billion. The achievement was thanks to active measures to remove obstacles barring enterprises as proposed by Resolutions No. 13 and 29. Many enterprises have been able to access loans for production investment and release burdens of inventories.The production value is estimated at VND 4,024 billion in domestic economic sector or 5.1% increment while foreign investment sector at over VND 8,025 billion or 7.5% increment.As for processing industry, over VND 11,922 billion has been calculated with an increment of 6.8% while exploiting industry has earned VND 104.2 billion or 2% higher than last month; production industry and electricity, gas, and water supply industry at VND 23.7 billion or 5.8% of increment.In 8 months of the year, industrial production value has accummulated to VND 81,826.7 billion or 11.7% higher than previous term allocating to domestic production VND 26,841.2 billion, foreign investment VND 55,021.1 billion, processing industry VND 80,975.5 billion, exploiting industry VND 719.9 billion, production industry and electricity, gas, and water supply industry VND 167.3 billion.Also in 8 months of the year, some major commodities saw an relatively high increase in quantity including cars (40.5%), pesticide (22.1%), pills and tablets (17.6%), animal feeders (8.5%), soaps (7.8%), instant noodles (7.8%), and etc.Reported by T. Hong – Translated by Vi Bao
