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Home / Latest News / Industrial production in Ho Chi Minh City increased 34.5%

Industrial production in Ho Chi Minh City increased 34.5%

 

Date: 2021-02-15

News Type: Marketing News

 

According to the Department of Industry and Trade of Ho Chi Minh City, the index of industrial production in the city in January 2021 increased 34.5% over the same period last year.

In this month, most businesses have focused on promoting production and business to prepare goods for the New Year's Day of Tan Suu 2021.

Specifically, in January 2021, there were 26/30 secondary industries with indexes increasing over the same period last year; in which, industries with high growth rates include: wood processing, bamboo (except beds, wardrobes, tables, chairs) up 97.4%, production of other metallic mineral products (87.6%) ; motor vehicle manufacturing (86.4%); printing and copying various types of records (64.1%); manufacturing products from rubber and plastic (63,7); manufacturing electronic products, computers and optical products (61.9%); electrical equipment manufacturing (61.8%) ...

For 4 key industries, the industrial production index in January 2021 increased by 43.7% over the same period last year, increasing by more than 9.2 percentage points compared to the general production index of the industry. ; in which, electronics manufacturing increased 61.9%; pharmaceutical chemistry (51.7%); mechanical industry (44.3%); food and beverage (27.3%) ...

In addition, the consumption index for the whole manufacturing in January 2021 increased by 37.4%, but the inventory index for the manufacturing also increased by 22.1% over the same period. before.


Specifically, some industries have inventory indicators higher than the overall growth rate of the whole industry, such as leather and related products; manufacturing products from metal minerals; chemical production and chemical products; manufacturing products from rubber and plastic; manufacture of electrical equipment ...

Mr. Nguyen Phuong Dong, Director of the Department of Industry and Trade of Ho Chi Minh City, said that thanks to the disease control measure COVID-19, Ho Chi Minh City has gradually restored economic activities that caused the above The city area in recent months has had many positive changes, the production index has gradually recovered and developed.

However, the city needs to continue to study new policies, especially the Resolution on the Vietnam-EU Trade Agreement ( EVFTA ) and the Investment Protection Agreement (EVIPA).

On the part of enterprises, they must be proactive and continue to monitor the epidemic situation, contact customers and have proposals to open import and export markets. At the same time, the business focuses on key export products with large turnover, major markets ...

The report of the Ho Chi Minh City Statistical Office also showed that the total export turnover of the city enterprises at border gates across the country reached $ 3,638.3 million, down 15.2% over the previous month; only export excluding crude oil was 3,548.3 million USD, down 15.7% compared to December 2020.

Regarding the export market of goods, China is still the largest export market for enterprises in Ho Chi Minh City with export turnover in January 2021 reaching 716.6 million USD, up 20.3% compared to that of Ho Chi Minh City. the same period (accounting for 22.6% of export proportion and trade deficit amounted to 898.9 million USD).

Followed by the US market with an export turnover of 494.1 million USD, down 11.9% over the same period (accounting for 15.6% of the proportion of exports and a trade surplus of 294.5 million USD); while the export of Ho Chi Minh City enterprises to European markets (EVFTA Agreement) in January 2021 reached 463.9 million USD, up 23.7% over the same period in 2020.

According to departments in Ho Chi Minh City, by 2020, the COVID-19 pandemic has directly affected and disrupted international trade, negatively affecting the economies of the world. The city's merchandise export activities still achieved positive growth.

This is a favorable foundation for businesses to enter the year 2021 with new opportunities and efforts to conquer the market, as well as to respond to the changing habits of consumers.

For example, the COVID-19 epidemic in the world is complicated, affecting the global economy as well as the Vietnamese economy.

Most of trade and service activities are greatly affected by the anxiety of epidemic diseases, and consumers' income is affected, so the demand for shopping and consumption this year tends to decrease.

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