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[Ferro-Alloys.com] Vietnamese industrial production was greatly affected by COVID-19 in the first half of 2020 but has gradually bounced back since May, according to the General Statistics Office (GSO).
Industrial production value rose 2.71 percent year-on-year in the first half, with an increase of 5.1 percent in the first quarter followed by just 0.74 percent in the second, as the economy was hit hardest by the coronavirus outbreak.
Processing and manufacturing was up 4.96 percent in the January-June period - the slowest first-half pace since 2011, electricity production and distribution up 3.04 percent, and water supply, waste, and wastewater treatment up 3.76 percent. Meanwhile, mining shrank 5.4 percent.
Pham Dinh Thuy, Director of the GSO’s Industrial Statistics Department, said COVID-19 disrupted the supply of input materials for industrial production, especially processing and manufacturing, from many countries.
Source: VNA
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