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Ba Ria – Vung Tau’s Industrial Output Value in the first 3 months slightly up
In March 2014, the industrial output value at constant price 1994 is estimated at VND5, 886.98 billion, up 11.1% in comparison with the previous month, and 3.97% compared with the previous period. Excluded crude oil and gas, the industrial output value is estimated at VND4,648 billion, up 11.05% in comparison with the previous month, and 3.97% compared with the previous period. At constant price 2010, the industrial output value in the province is estimated about VND 25,296 billion, up 13.86% in comparison with the previous month, and 2.24% compared with the previous period. At current price, the industrial output value in March is estimated at VND31, 966 billion, up 4.84% in comparison with the previous month, and down 4,07% compared with the previous period. Excluded crude oil and gas, the industrial output value is estimated at VND19,132 billion, up 5.92% in comparison with the previous month, and down 4.12% compared with the previous period. In the first 3 months of this year, at constant price 1994, the industrial output value is estimated at VND 17,383.49 billion, up 2.2% compared with the previous period; excluded the value of crude oil and gas it will come at VND13,772.68 billion, up 4.77% compared with the previous period. At current price, the industrial output is projected at VND94,233.04 billion, down 1.73% compared with the previous period. If the value of crude oil and gas is excluded, it will be around VND 55,156.59 billion, up 2.51% in comparison with the previous period . In the first quarter of 2014, industrial production in the province has a positive sign of recovery. However, the growth speed is not as fast as expected. The main reasons come from high input costs, difficult to access markets, weak aggregate demands. The outputs of eight over 21 key industrial products decline. Steel’s output declines significantly (45,28%) due to the frozen real estate market and difficulties in exports market. The industrial electricity was reduced by 3.86% due to the allocation of the Electricity of Vietnam Corporation. However, there are 16/21 key products that have fairly good growth compared with the previous period, namely leather footwear (+77.98%), leather (+55.35%), yarn (+39.39+39.39%), clothing (+37.97%), wind tower (+33.33%), cement (+32.39%), etc.
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