Economic experts said that although industrial production of the city still posted growth, growth rate was not as high as that in the same period last year.
The fact that the exchange rate between the Vietnamese dong and the US dollar was stable whereas the Chinese renminbi devaluated against the US dollar has caused Vietnamese products to lose competitive edge in export. Meanwhile, in domestic market, production has to compete fiercely with products imported from China.
In addition, the African swine fever has affected consumers’ sentiment, weakening consumption of pork and products made from pork, causing inventory index to show signs of increase. This situation has influenced the overall production activities, so industrial production index was not as high as expected.