|Four key industries saw strong growth in the first four months of the year in HCM City. — Photo Sggp.org.vn|Viet Nam News
HCM CITY — In the first four months of the year, HCM City’s Index of Industrial Production (IIP) increased by 6.07 per cent compared to the same period last year, according to the city’s Department of Industry and Trade.
Key industries such as food and beverage processing rose by 6.6 per cent; the chemical industry, by 6.2 per cent; the mechanical industry, by 2.6 per cent; and electronics production, by 13.6 per cent.
The four key industries are continuing to grow strongly thanks to market expansion, investment in equipment and quality improvement.
In addition, the city’s textile industry is also growing and is expected to see a major breakthrough when the restructuring of enterprises is completed this year.
Textile enterprises will also improve quality and professionalism, reduce imports of raw materials, and export materials to other countries.
In the first four months, the production index of the textile industry rose by 6.68 per cent. — VNS