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Electronics leads HCM City industrial revival

Electronics production in HCM City increased sharply in the first two months of the year thanks to efforts to stabilise export markets and foster manufacturing, according to the city Department of Industry and Trade.
Electronics leads HCM City industrial revival ảnh 1Electronics companies in HCM City have been boosting their production in the first few months of the years to make up for their losses due to COVID-19. (Photo: kinhtevn.com.vn)


HCMCity (VNS/VNA) - Electronics production in HCM City increasedsharply in the first two months of the year thanks to efforts to stabiliseexport markets and foster manufacturing, according to the city Department ofIndustry and Trade.

Nguyen Thi Xuan Thuy, deputy director of the Industry Development AssistanceCentre, said: “COVID-19 hit companies hard, especially in the electronicsindustry. They had to cut their payroll. So they tried to find new markets andnew materials to cope up with the raw material shortage.”

The industry’s 32.4 percent growth helped increase growth for the city’s fourkey industries by 7.8 percent, 1.8 percentage points up year-on-year. 

The other three industries are estimated to have grown more modestly:pharmaceutical chemicals, rubber and plastic industry by 2 percent, food andbeverages by 3.6 percent and the mechanical industry by 5.1 percent./.
VNA
#Electronics production #HCM City #export markets #material shortage #pharmaceutical chemicals #Vietnam #VietnamPlus #Vietnam news
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