HCM City’s industrial production index rises 7.29 percent
Ho Chi Minh City’s industrial production index (IPI) in the first five months of this year increased by 7.29 percent as compared to the same period last year, reported the municipal People’s Committee.
HCM City (VNA) – Ho Chi Minh City’s industrialproduction index (IPI) in the first five months of this year increased by 7.29percent as compared to the same period last year, reported the municipalPeople’s Committee.
The growth was recorded in themechanical manufacturing industry (up 19.35 percent), electronics-informationtechnology (12.1 percent), and food processing (4.87 percent).
HCM City has proactively expanded markets andapplied new cutting edge technologies into production to produce high-qualityproducts with high added values.
Decision No.15/2017/QD-UNBD issued by themunicipal People’s Committee in early 2017 on supporting businesses to developindustrial manufacturing and supporting industry has contributed to boosting thecity’s industrial development and goods production.
The city has built a database for the supportingindustry to help businesses seek information on equipment, machinery and newproduction technologies.
The municipal authorities have also carried outregular inspections over the production and application of high technology inbusinesses.-VNA
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Illustrative image (Photo: VNA) 
