High competition, footwear production index in Can Tho drops sharply

MỸ LY |

Can Tho - Competitive market, orders from agents decreased, footwear production index at enterprises in the city decreased by 53.02% compared to the same period.

According to the Can Tho City Statistics Office, in the first 10 months of 2024, the industrial production index of the whole industry is estimated to increase by 7.04% over the same period last year. The processing and manufacturing industry increased by 7.32%; the electricity production and distribution industry increased by 6.00%; the water supply, waste and wastewater management and treatment industry increased by 1.84%.

Processing and manufacturing industries increased sharply compared to the same period, such as garment production increased by 63.26%; production of rubber and plastic products increased by 36.28%; production of prefabricated metal products (except machinery and equipment) increased by 36.25%...

Some industrial products increased sharply compared to the same period, such as bags and pouches (including slats) from other plastics increased nearly 3 times; mineral fertilizers and NPK chemical fertilizers increased more than 2 times... Ready-made clothing products increased by 90.38%, some enterprises maintained good welfare for workers, had a team of skilled workers, worked for many years, and maintained good relationships with traditional customers, so production and business activities remained stable and achieved the plan.

Rice milling increased by 3.93%. Currently, the source of raw rice at enterprises is not much, rice purchasing is also difficult, the selling price of rice products in the international and domestic markets is quite competitive. This leads to many enterprises producing large output but profits do not reach the set plan.

Chi so san xuat toan nganh cong nghiep Can Tho gia tang. Anh: My Ly
The labor utilization index of industrial production enterprises in Can Tho increased compared to the same period. Photo: My Ly

The consumption index of the entire processing and manufacturing industry increased by 1.48% over the same period. Processing and preserving aquatic products and aquatic products; milling; beer production; garment manufacturing... are the industries with increased indexes. On the contrary, the consumption index of the industries producing feed, livestock, poultry and aquatic products; producing whole pairs of footwear; producing western medicine; producing cement, lime, plaster... decreased over the same period.

The footwear production index decreased by 53.02% compared to the same period last year. The company's products have to compete with cheap products of the same type, high-quality products at high prices, and used products of famous brands. Orders from agents have decreased. Many retail stores of the company have to close when the number of customers buying products is not enough to cover the cost of labor and premises. The company is expecting the sales volume to improve in the last months of the year.

In the first 10 months of the year, the labor utilization index of industrial production enterprises increased by 3.76% over the same period. State-owned enterprises increased by 2.41%, non-state enterprises decreased by 5.34% and foreign direct investment enterprises increased by 17.64%.

MỸ LY
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