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.

According to the municipal Department of Industry and Trade, major sectors such as processing and manufacturing, electricity, and miming saw a respective increase of 6.5 percent, 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.

The city plans to restructure these industries by focusing on processing and manufacturing and reducing the contribution of mining.

In the remaining months of the year, city authorities hope to introduce more new policies and incentives to aid businesses and improve the competitiveness of the city’s industries.-VNA