HCM City’s industrial production index rises 7.29 percent hinh anh 1Illustrative image (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City’s industrial production index (IPI) in the first five months of this year increased by 7.29 percent as compared to the same period last year, reported the municipal People’s Committee.

The growth was recorded in the mechanical manufacturing industry (up 19.35 percent), electronics-information technology (12.1 percent), and food processing (4.87 percent).

HCM City has proactively expanded markets and applied new cutting edge technologies into production to produce high-quality products with high added values.

Decision No.15/2017/QD-UNBD issued by the municipal People’s Committee in early 2017 on supporting businesses to develop industrial manufacturing and supporting industry has contributed to boosting the city’s industrial development and goods production.

The city has built a database for the supporting industry to help businesses seek information on equipment, machinery and new production technologies.

The municipal authorities have also carried out regular inspections over the production and application of high technology in businesses.-VNA