Report of Department of Industrial Economy – Ministry of Planning and Investment in January 24th 2012.
1 / The general situation:
Industrial production in January 2012 had a lower growth rate as compared with the same period in 2011, the main cause was the prolonged Tet affecting the production and business of enterprises.
The industrial production index in January 2012 decreased by 2.4% over the same period in 2011, in which mining industry up 0.5%, processing and manufacturing industry down 4.2%, production and distribution of electricity, gas and water up 1.2%.
- The industrial sectors which had increasing production against the same period in 2011 include:
Extraction of crude petroleum and natural gas increased by 9.4%, processing and preserving vegetables up 21.2%, processing and preserving aquatic products up 10.2%, production of drugs, pharmaceutical chemicals and medicine up 12.5%, ship building and repair up 370%, production of motorcycles up 10%, exploitation, purification and distribution of water up 9.6%; ...
- The industrial sectors which had declining production against the same period in 2011 include:
Exploitation and collection of hard coal decreased by 21.8%; extraction of stone, sand, gravel, clay and kaolin down 19.8%, textile and fabric production down 22.7%, footwear production down 10.1%; production of pulp, paper and paperboard down 14.7%, production of fertilizers and nitrogen compounds down 7.7%, cement production down 11.5%, production of iron and steel down 21,5%; production of electrical cables and insulated wires down 27.9%; ...
- The production of some major industrial products compared with the same period in 2011:
Some industrial products has an increase, including: crude oil up 14.7%; natural gas up 9.2%; fresh beer up 35.1%; canned beer up 16.8 %; footwear, fake leathered boots for adults up 10.1%; textiles from cotton up 6.2%; washing machines up 27.3%; motorcycles up 11.3%; commercial water up 9.9%;
Some industrial products had a decrease including: coal down 21.7%; liquefied petroleum gas (LPG) down 6.1%; milk powder down 27.6%, sugar down 14.5%; textile form synthetic fibers or artificial fibers down 22%; cement down 11.4%; glass down 24.6%; types of round steel down 26.7%; refrigerators, freezers down 34.8%; cars down 17.5%; automobile and tractor tires down 17.1%; hot water heater down 67.7%; ...
2. Import and export:
In general: import and export turnover in January, 2012 decreased against the same period in 2011, most of industrial commodities have reduced in production and turnover, the main cause was the long Tet affecting the sectors’ production in particular.
- Export: Export turnover in January, 2012 was estimated to reach US$6.5 billion, down 11.1% against the same period in 2011; of which: the export of foreign invested enterprises (excluding crude oil) was estimated reaching US$ 3.7 billion, up 6.2% over the same period in 2011.
Export situation of some key industrial products as compared with the same period of last year is as follows: crude oil was estimated to reach 585 thousand tons, down 5.3% in quantity and up 14.2% in turnover; coal reached 400 thousand tons, down 5.9% in volume and 41.3% in turnover; petroleum was estimated reaching 100 thousand tons, down 47% in volume and 47% in turnover; chemical products reached US$ 30 million, down 31,8%; plastic products was estimated at US$ 80 million, down 23.8%; textiles and garments obtained US$ 950 million, down 22.6%; footwear reached US$ 530 million, down 4%; electronics, computers and components gained 350 million, up 14%; bags, suitcases, hats and umbrellas gained US$ 120 million, up 14.3%; machinery, equipments and spare-parts reached US$ 300 million, up 9.1%; iron and steel reached 80 thoundsand tons, down 56.1% in volume and 56% in turnover; steel products reached US$90 million, up 25% over the same period.
- Imports: Import turnover in January, 2012 was estimated reaching US$6.6 billion, down 18.7% against the same period in 2011; in which, import of foreign invested enterprises gained US$3.5 billion.
The import of some main industrial goods consisted of: types of oil reached 600 thousand tons, down 43.9% in volume and 29% in turnover; liquefied petroleum gas reached 60 thousand tons, up 11.1 % in volume and 5.7% in turnover; types of fertilizer reached 170 thousand tons, down 38.8% in volume and 34% in turnover (of which urea fertilizer reached 10 thousand tons, down 66.7% in volume and 54.6% in turnover), iron and steel reached 480 thousand tons, down 9.6% in volume and 2.2% in turnover (in which bloom is estimated reaching 18 thousand tons, down 82, 9% in volume), CBU car 3,000 thousand units, down 55.4% by volume; spare parts of cars US$100 million, down 38.7%; CBU motorcycles over 5,000 thousand units, down 70.4% in quantity; types of paper 70 thousand tons, down 28.6% in volume; machinery and equipments US$900 million, down 29.7% in turnover; leather textile materials US$150 million, down 20,6% in turnover against the same period.
3. Measures and proposals
- It is recommended to continue closely monitoring the progress of projects, disbursement of projects.
- Also, it is recommended to implement a scheme of state enterprises restructuring, strengthening the management to improve efficiency of state enterprises.
- Businesses need to effectively exploit production capacity and market demand to supply the essential products of the economy such as electricity, coal, petroleum, fertilizer, iron and steel for construction, ...; some consumer products such as garments, footwear, milk, vegetable oil, ... and other export products such as crude oil, garments, footwear, mechanic, electrical wire and cable, ...
- Another measure is to continue promoting technology, strengthening the management, using materials, depots, machinery and equipments domestically produced, while implementing aggressively national target programs of using energy safely and efficiently to reduce costs, lower prices in order to increase the efficiency of investment, production and business./.
Ministry of Planning and Investment