Nghe An industrial production index increased nearly 18% in 8 months compared to the same period

In the first 8 months of 2018, Hoa Sen corrugated iron products are estimated to have a good growth rate compared to the same period. Photo: Hoang Vinh

Nghe An industrial production index in August 2018 increased by 16.3% over the same period in 2017; Most of the main industrial products increased compared to August 2017.

In general, in the first 8 months of 2018, the industrial production index increased by 17.96% over the same period in 2017.Of which, the processing and manufacturing industry increased by 18.73%; production and distribution of electricity, gas, hot water, steam and air conditioning increased by 14.69%; water supply, wastewater and waste management and treatment increased by 12.5%; and mining industry decreased by 7.46%.

Graphics: Huu Quan

Major industrial products are estimated to have a good growth rate compared to the same period as:Diameterreached over 98 thousand tons, increased by 37.99%, reaching 81.68%/plan;processed milk140 million liters of all kinds, up 25.2%, reaching 70.26% of the plan;yarn12.8 thousand tons, up 0.65%, reaching 64.2%/plan;cementreached over 2,833 thousand tons, up 76%, reaching 66.67%/plan;electricity production1,829 million kWh, up 17.15%, reaching 70.35%/plan; Hoa Sen corrugated iron products of all kinds 553 thousand tons, up 73.9%, reaching 92.19%/plan...

Besides, some products have low growth or decrease compared to the same period such as: Packaging products decreased by 24.5%, reaching 29.5%/plan; fertilizer decreased by 21.98%/same period, reaching 40.45%/plan due to high inventory.

Beer products of all kinds decreased (bottled beer decreased by 11.7%/same period, canned beer decreased by 1.19%/same period) due to slow consumption, competition with similar products of other brands, especially bottled beer; production plans of some breweries changed.

Mineral exploitation and processing products continue to face difficulties due to State regulations on calculating resource tax, high environmental protection fees; customs clearance procedures, regulations on weighing and selling minerals and water loss assessment... causing obstacles to production and business activities.