HCM City sees sharp rise in industrial production

Ho Chi Minh City recorded an industrial production value of over 167.58 trillion VND in the first ten months of 2010, a year-on-year increase of 14 percent.
Ho Chi Minh City recorded an industrial production value of over 167.58 trillion VND in the first ten months of 2010, a year-on-year increase of 14 percent.

The growth rate is considered robust as compared to 7.2 percent recorded in the same period last year.

Of the total, the domestic sector contributed 107.56 trillion VND or 64 percent, and the foreign-invested sector made of 36 percent.

In October alone, the industrial production value was 19.18 trillion VND, up 14.8 percent over the same month in 2009.

The most impressive growth was seen in the manufacturing of electric machines and equipment, with 34.6 percent.

However, sharp drops were seen in coal mining – at 33.5 percent, and office equipment and transport facilities manufacturing – at 13 percent./.

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