Business

HCM City sees high growth in four key industries

Ho Chi Minh City’s key industries posted a growth of 7.9 percent in November, the city’s Trade and Industry Department said.
Ho Chi Minh City’s key industries posted a growth of 7.9 percent inNovember, the city’s Trade and Industry Department said.

Thefour key industries included the food processing sector with a rise of2.6 percent; the rubber sector, 5.1 percent; the electronic sector, 9percent; and the mechanical manufacturing sector, 14.8 percent.

InNovember, the city’s index of industrial production (IIP) slightly feltby 0.2 percent from previous month and jumped 6.4 against the sameperiod last year.

In 11 months, the city’s IIP increased 6.8 percent, up from 6.1 percent a year ago.

Accordingto Director of the Department Le Van Khoa, numerous enterprises haveexpanded their business scale, increased production capacity, andimproved competitiveness with a view to meeting local people and othervicinities’ demands.-VNA
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