Nghe An: Many key industrial products decrease sharply
(Baonghean.vn) - In July 2019, according to the report of the Provincial People's Committee, Nghe An's industry grew slower than the proposed scenario.
In July 2019, the mining industry increased by 18.05%; the processing and manufacturing industry increased by 18.09%; the production and distribution of electricity, gas, hot water, steam and air conditioning decreased by 19.05%; water supply, waste and wastewater management and treatment activities increased by 2.65%.
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| Checking paint quality at Hoa Sen Nghe An Steel Factory. Photo by Lam Tung |
Some products decreased compared to the same period last year such as: Processed construction stone estimated at 64 thousand m3, down 17.67%; Beer can shells are estimated at 479 tons, down 40.57%; Beer can lids are estimated at 1.1 tons, only 3.67%; Hot rolled steel is estimated at 670 tons, down 14.29%; Roofing sheets are estimated at 47 thousand tons, down 11.33%; Fibers are estimated at 1,300 tons, down 23.84%; Electricity produced in the month is estimated at 260.3 million kWh, down 18.74%;...
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| Chart of industrial product index in July. Graphics: Lam Tung |
In the first 7 months of 2019, the industrial production index increased by only 7.2% over the same period last year.
Key products decreased during the period: Mined tin ore is estimated at 125.9 tons, down 0.47%; processed construction stone is estimated at 398.2 thousand m3.3, down 17.44%; Other construction stones estimated at 1,532 thousand m3, down 6%; Hoa Sen steel pipes are estimated at 14 thousand tons, down 27.15%; Roofing sheets are estimated at 361.1 thousand tons, down 23.17%; Fibers are estimated at 8.6 thousand tons, down 22.85%; Hot rolled steel is estimated at 3.4 thousand tons, down 23.43%; Stone powder is estimated at 324 thousand tons, down 12.85%; Electricity production is estimated at 1,418 million kWh, down 1.03%.
The reason is that mineral resources are increasingly depleted, mineral exploitation is increasingly difficult, compensation prices for agricultural land are high, many bankrupt enterprises have temporarily stopped operations or switched to other business fields.
Some industrial products have low growth and decline due to the impact of US-China trade policy, so consumption has decreased, large inventories have caused factories to limit production to consume products. Production and distribution of electricity, gas, hot water, steam, and air conditioning are at the peak of the dry season, water flow in reservoirs is at a record low, so electricity production has decreased sharply.
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| Product packaging at AustFeed Nghe An Animal Feed Factory. Photo: Lam Tung |
