The index of industrial production (IIP) in Ho Chi Minh City picked up 6.05 percent year-on-year in the first quarter of this year. (Photo: VNA)
HCM City (VNA) – The index of industrial production (IIP) in Ho ChiMinh City picked up 6.05 percent year-on-year in the first quarter of thisyear.
The figure in March rose 42.1 percent against the previous month and 7.07percent against the same time last year.
Director of the municipal Department of Industry and Trade Pham Thanh Kienattributed the IIP growth to the city’s programmes and policies to support thedevelopment of local industry and support industry.
Output of the four key industrial sectors: manufacturing, electronics,chemicals-rubber-plastic and food processing experienced a year-on-year growthof 6.79 percent thanks to market expansion, renovation of equipment as well asimprovement in the products’ quality and competitive capacity.
Particularly, significant hike was seen in the electronics - information andtechnology sector with 16.91 percent, he said.
Director of the municipal Department of Planning and Investment Su Ngoc Anhsaid that the IIP surge was spurred by thorough preparations of materials,markets and stable production.
In the first three months of the year, Ho Chi Minh City paid due attention toattracting investment from large enterprises and carrying out researchactivities to support the investors. Investment promotion was accompanied withinfrastructure development and environment protection as well.
Production value at high-tech parks in the city was calculated at 3.02 billionUSD, up 24.5 percent from the same time last year. Meanwhile, export valuesurged 18.5 percent year-on-year to 2.6 billion USD. -VNA
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The index of industrial production (IIP) in Ho Chi Minh City picked up 6.05 percent year-on-year in the first quarter of this year.
