HCM City’s industrial production index up 7.26 percent
Ho Chi Minh City’s industrial production index in the first nine months of this year expanded 7.26 percent year-on-year, the municipal Department of Industry and Trade reported on October 1.
HCM City (VNA) – Ho Chi Minh City’sindustrial production index in the first nine months of this year expanded 7.26percent year-on-year, the municipal Department of Industry and Trade reportedon October 1.
However, four major industrial sectors, comprising manufacturing engineering,electronics, chemicals-rubber-plastics and food processing, increased only 6.1percent, lower than 8.39 percent recorded in the same period last year.
Experts said the fierce competition with foreign partners, along with impactsof the African swine fever have adversely affected the production of thecountry in general and HCM City in particular.
The country’s largest economic hub aims to achievea growth of 8.3-8.5 percent and have 46,200 new enterprises in 2019.
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Illustrative image (Photo: VNA) 
