Manufacturing and consumption of products dropped to a file due to Covid-19

Social distancing throughout Ho Chi Minh Metropolis has induced a scarcity of uncooked supplies for manufacturing, and lots of difficulties in home and worldwide shopper markets, instantly affecting the business manufacturing index. business (IIP) within the space” – Ho Chi Minh Metropolis Division of Business and Commerce stated in a report back to the Folks’s Committee of Ho Chi Minh Metropolis on September 8.

The report said that the August IIP is estimated to lower by 22.4% in comparison with the earlier month. In contrast with August 2020, the IIP is estimated to lower by 49.2%, of which the sectors which have skilled a deep lower corresponding to meals processing and manufacturing decreased by 23.5%, electrical gear manufacturing decreased by 37.2%, and manufacturing and manufacturing decreased by 37.2%. merchandise from rubber and plastic decreased by 38.4%.

Particularly, many industries noticed a lower of over 50%, together with: beverage manufacturing down 59.6%, textile down 71.5%, attire manufacturing down 57.5%, footwear down 80.9% , wooden processing down 85.6%, electronics manufacturing down 58.4%.

  Ho Chi Minh City: Production and consumption of goods dropped to a record because of Covid-19 - Photo 1.

Through the epidemic interval, buying energy in Ho Chi Minh Metropolis market primarily centered on contemporary meals and important shopper items.

The lower within the August index has affected the restoration of manufacturing and enterprise actions of enterprises within the first Eight months, which haven’t but absolutely recovered because of the influence of the Covid-19 epidemic since 2020.

Accumulating Eight months, IIP of the entire business is estimated to lower by 6.6% in comparison with the identical interval final 12 months.

Just a few industries corresponding to metallic manufacturing, electrical gear manufacturing, and many others. have maintained good development in comparison with the identical interval final 12 months.

Typically, in Eight months, Four key industries are estimated to lower by 5.8% over the identical interval. Through which: electronics manufacturing business is estimated to lower by 6.8%; mechanical engineering business is estimated to lower by 2.6%; pharmaceutical – rubber – plastic business is estimated to lower by 5.3%.

The meals, meals and beverage processing business is estimated to lower by 8.7%. Though retail gross sales of meals and meals gadgets within the first eight months of the 12 months have been estimated at VND66,296 billion, up 4.2% over the identical interval, the manufacturing index nonetheless decreased as a result of circulation restrictions affecting the provision chain. enterprise response.

Relating to home commerce, the whole retail gross sales of shopper items and companies in August was estimated at VND 35,522.5 billion, down 15.8% from the earlier month and down 59.4% from the identical interval final 12 months. 2020. Accumulation in Eight months is estimated at 609,351 billion dong, down 10.6% over the identical interval final 12 months.

Through which, retail gross sales of products was estimated at 352,969 billion VND, down 6.2% over the identical interval.

Thanh Nhan

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