Mining industry indicator continues to dip

Even though mining industry plays a pivotal role in the country’s economy, the industry dipped in two years because of difficult exploitation and dependence on world markets.
 

Mining industry indicator continues to dip

The mining production indicator in August has seen a year-on-year rise of 8.4 percent.

Amongst them, the mining sector dropped by 5 percent; the manufacturing sector increased by 12.4 percent; electricity production and distribution soared by 9.6 percent; and water supply and waste treatment sector leaped by 7.3 percent.

In eight months of the year, the industry production indicator represented a 6.7 percent year-on-year rise, 7.2 percent lower than the same period last year. For instance, mining sector dipped by 4.8 percent; meanwhile process sector increased by 10.4 percent; electricity production and distribution soared by 12.3 percent and water supply and waste treatment sector is up by 6.8 percent.

Accordingly, the manufacturing sector rose by 10.8 percent contributing 7.5 percentage point to the general increase; electricity production and distribution was up by 8.6 percent attributing 0.6 percentage point to the whole.

Amongst second level industries, metal production, computer and electronic product manufacturing, rubber and plastic product production, paper and paper product rose. Meantime, medical, pharmaceutical and herbal sector fell by 2.1 percent and crude oil and natural gas exploitation dipped by 10.1 percent.

Amongst localities, the northern province of Hai Phong has drastic growth of20.6 percent in industry indicator in eight months compared to same period followed by the northern province of Thai Nguyen with 18.1 percent; Bac Ninh with 14.1 percent and Ho Chi Minh City with 7.3 percent.

By ANH PHUONG - Translated by UYEN PHUONG

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