Business

HCM City’s industrial production sees growth

The industrial production index of Ho Chi Minh City grew by 6.5 percent in the first eight months of this year, representing a year-on-year rise of 1 percent.
The industrial production index of Ho Chi Minh City grew by 6.5percent in the first eight months of this year, representing ayear-on-year rise of 1 percent.

According to the municipalDepartment of Industry and Trade, major sectors such as processing andmanufacturing, electricity, and miming saw a respective increase of 6.5percent, 6.2 percent and 3.2 percent.

The results show that the processing and manufacturing industries hold a growing proportion in the city’s industry structure.

Thecity plans to restructure these industries by focusing on processingand manufacturing and reducing the contribution of mining.

Inthe remaining months of the year, city authorities hope to introducemore new policies and incentives to aid businesses and improve thecompetitiveness of the city’s industries.-VNA
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