HCM CITY REGISTERS GROWTH IN INDUSTRIAL PRODUCTION INDEX

This was attributed to their efforts to expand markets, update new equipment and improve product quality and competitiveness, according to the municipal People’s Committee.

High growth was seen in food and beverages production (14.3%), non-metal products (21.3%), and machinery and equipment (32.1%).

In July alone, the city’s industrial production index rose by 3.1%.

During the month, processing and industrial parks focused on drawing hi-tech investment projects and supporting business activities to record US$3.16 billion in export and US$3.17 billion in import turnover.

The IIP in the first seven months of last year grew by 6.6%.

Source: VIR