Dong Nai’s industrial production slows down due to COVID-19
The index of industrial production (IIP) in the southern province of Dong Nai went up 6.6 percent in March year-on-year, reported the provincial statistics department.
Dong Nai (VNA) – The index of industrialproduction (IIP) in the southern province of Dong Nai went up 6.6 percent inMarch year-on-year, reported the provincial statistics department.
The first-quarter figure only rose by 6.11 percent annually dueto the shortage of input materials imported from China amid COVID-19 pandemic.
Those growth rates are much lower than the rates recorded inthe same period in past years.
Several industries reported declines or lower growth such asmetallurgy was down 13.74 percent, beverages 8.71 percent and electronics 6.58percent.
A number of firms, especially electronics producers, had tocancel contracts while others operated perfunctorily.
Also according to the department, seven out of 27 localindustries posted decreases in production, the highest in recent years./.
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Illustrative image (Photo: VNA) 
