Ho Chi Minh City’s Index of Industrial Production (IIP) in the first nine months of this year increases by 3.2% year-on-year. (Photo: VNA) Earlier, the seven-month and eight-month figuresstood at 2.2% and 2.6%, respectively, which demonstrated that industrialproduction in the country’s southern biggest economic hub has overcome thedownturn period. In September alone, the index went up 2.9%month-on-month, and 8.1% year-on-year.
According a survey conducted by HCM City’s competentagencies among local processing and manufacturing enterprises, 31.8% saidtheir production and business got better in the third quarter as compared withthe previous three months, 35.4% said their operations remained stable and32.8% said they faced more severe obstacles.
Notably, State-owned enterprises were the most optimistic,with up to 89.7% saying their operations got better or remained stable, ascompared with 65.3% and 65.2% in foreign-invested and non-state businesses.
For the fourth quarter, 35.8% of the respondentshoped for better performance, 36.8% expected stability in production andbusiness, and 27.3% forecast more difficulties. Up to 76.9% of State firms showedoptimistic views, while that among foreign-invested and non-State enterpriseswas 73.3% and 70.3%, respectively.
HCM City's industrial production is regaining its attractiveness to foreign investors, suppliers and clients. (Photo: VNA) Vietnam is stepping efforts to achieve its target ofnet zero carbon emissions by 2050, which would create favourable conditions forinvestors and suppliers to engage in industrial production in Vietnam ingeneral and HCM City in particular./.
VNA
