Ho Chi Minh City’s Index of Industrial Production (IIP) advanced 5.9 percent year-on-year in the first half of 2021, though new COVID-19 outbreaks are ravaging the country’s southern economic hub, causing the index to shrink 5.3 percent month-on-month in June.
Ho Chi Minh City’s Index of Industrial Production (IIP) advanced 5.9 percent year-on-year in the first half of 2021. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City’s Index of IndustrialProduction (IIP) advanced 5.9 percent year-on-year in the first half of 2021,though new COVID-19 outbreaks are ravaging the country’s southern economic hub,causing the index to shrink 5.3 percent month-on-month in June.
H1’s IIP of the city’s four key industries – mechanics, electronicsand information technology, chemistry and rubber, and food processing – picked up6.2 percent from the same period last year, according to the municipalDepartment of Industry and Trade. Electronics posted the relatively high growthof 15.6 percent, while chemistry, and food and beverage increased 2.6 percentand 1.2 percent, respectively.
Growth of more than 15 percent were also seen in multipleother industries, including wood processing and timber and bamboo production,electric device manufacturing, and printing.
In the first six months of the year, the city’s sales of productsof the manufacturing and processing rose by 7 percent year-on-year, supportedby strong gains of metal production (45.6 percent), motor vehicles (25.4percent), and coke production and refined petroleum products (16 percent).
The inventory, however, grew 16.2 percent year-on-year duringthe period, with significant increases recorded in leather and related products(258.5 percent), chemistry (76.3 percent), electric devices (64.5 percent) amongothers./.
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Ho Chi Minh City’s Index of Industrial Production (IIP) advanced 5.9 percent year-on-year in the first half of 2021. (Photo: VNA) 
