Electronics lead HCM City industrial revival
15-03-2021 11:40:53+07:00
Electronics lead HCM City industrial revival
Electronics production in HCM City increased sharply in the first two months of the year thanks to efforts to stabilise export markets and foster manufacturing, according to the city Department of Industry and Trade. 
Nguyen Thi Xuan Thuy, deputy director of the Industry Development Assistance Centre, said: “COVID-19 hit companies hard, especially in the electronics industry. They had to cut their payroll. So they tried to find new markets and new materials to cope up with the raw material shortage.”
The industry’s 32.4 per cent growth helped increase growth for the city’s four key industries by 7.8 per cent, 1.8 percentage points up year-on-year.
The other three industries are estimated to have grown more modestly: pharmaceutical chemicals, rubber and plastic industry by 2 per cent, food and beverages by 3.6 per cent and the mechanical industry by 5.1 per cent.
