Industrial activities have continued bearing the brunt of the COVID-19 pandemic, resulting in mere growth rates of 1.8 percent month on month and 2.2 percent year on year in the July index of industrial production (IIP) - the slowest pace in seven months.
The July index of industrial production grew by only 1.8 percent month on month and 2.2 percent year on year (Photo: VNA)
Hanoi (VNA) – Industrial activities have continuedbearing the brunt of the COVID-19 pandemic, resulting in mere growth rates of 1.8percent month on month and 2.2 percent year on year in the July index ofindustrial production (IIP) - the slowest pace in seven months.
In July, the mining industry contracted 8 percent froma year earlier while processing and manufacturing expanded 2.9 percent; electricityproduction and distribution up 6.7 percent; water supply, waste and wastewatermanagement and treatment up 4.4 percent, the Ministry of Industry and Tradereported.
Many sectors witnessed declines in their productionindexes during the first seven months of 2021, including crude oil and naturalgas exploitation down 10.4 percent; hard and lignite coal mining 2.9 percent;and machinery and equipment repair, maintenance, and installation 1.1 percent.
Among the localities imposing social distancing underthe Prime Minister’s Directive 16/CT-TTg to curb COVID-19 transmission, sevenin the South recorded lower IIPs in July compared to the same period last year:Ho Chi Minh City (down 19.4 percent), Long An (down 14.6 percent), Ca Mau (down13.7 percent), Dong Thap (down 5.7 percent), Tra Vinh (down 5.3 percent), BaRia - Vung Tau (down 1.9 percent), and Ben Tre (down 0.2 percent).
However, thanks to drastic moves to keep supply chainsuninterrupted and stay safe from the pandemic, many still enjoyed slight growthin industrial production such as Bac Ninh, Bac Giang, and Hanoi in the northernregion, according to the ministry./.
Ho Chi Minh City, the biggest economic hub in southern Vietnam, aims to sustain growth momentum in the remaining months of 2021 even when it is battling the worst-ever COVID-19 resurgence which began in late May.
The index of industrial production (IIP) of southern Binh Phuoc province increased by 15.63 percent year-on-year in the first seven months of this year over the same period in 2020, according to the provincial Department of Statistics.
The processing and manufacturing sector is a prerequisite to improve capacity for industrial firms and those operating in supporting industries in particular, Deputy Minister of Industry and Trade Do Thang Hai has said.
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The July index of industrial production grew by only 1.8 percent month on month and 2.2 percent year on year (Photo: VNA) 
