A strong signs of recovery in the industry and construction sectors

Reported from the Department of Planning and Investment, the estimated growth rate of the industry and construction sector in the first 6 months of 2021 is quite high, increasing by 33.4% compared to the same period in 2020.


The situation of industrial production tends to recover after a long time being negatively affected by the Covid-19 epidemic, with a strong growth rate of 41.4%. In particular, for enterprises, the manufacturing industry has shown signs of improvement and gradually adapted to the "new normal".

The processing and manufacturing industry increased by 35% and was the largest contributor to the overall growth of the economy. Playing a key role in the growth of the manufacturing industry is the production and assembly of automobiles with an increase of 35.5% due to the high demand for passenger cars.

In addition, a number of other processing and manufacturing industries recovered and grew well, such as: Food production and processing increased by 28.2% over the same period in 2020, an increase of nearly 15% over the same period in 2019, beverage production increased by 35.4%; up 7.6%; textile increased by 34.5%; up 14%; production of costumes increased by 35.5%; increased by 22.3%...

However, there are still a number of processing and manufacturing industries that have not recovered, such as: printing and copying decreased by 18%; production of drugs, pharmaceutical chemicals and pharmaceutical increased by 35.5%; down 30.3%; metal production increased by 33.5%; down 53.6%...

In addition, the electricity, gas, hot water and air-conditioning manufacturing and distribution industry saw a high growth rate, up 96.8% over the same period. Water supply industry, waste management and treatment activities increased by 14.3%...


 

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