HCM City’s industrial production up 7.4 percent in first five months
HCM City’s industrial production up 7.4 percent in first five months
Ho Chi Minh City’s Index of Industrial Production (IIP) rose 7.4 percent year-on-year in the first five months of 2021, according to the municipal Department of Industry and Trade.
A worker at a factory at An Ha IP in Binh Chanh district of HCM City (Photo: VNA)
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HCM City - Ho Chi Minh City’s Index of Industrial Production (IIP) rose 7.4 percent year-on-year in the first five months of 2021, according to the municipal Department of Industry and Trade.
Data from the department shows that the five-month IIP of four key industries - electronics, mechanics, foodstuffs and pharmaceuticals - grew 8.5 percent against a year earlier and was over 1.1 percentage points higher than the overall IIP.
Meanwhile, 22 out of 30 Grade-II industries in the city saw their IIP rise, with the highest growth posted in wood processing and the production of wood and bamboo products (up 54.4 percent); metal production (37.8 percent); other processing and manufacturing technologies (32.2 percent); and electrical equipment production (27.1 percent).
According to the municipal Statistics Department, the local index of industrial consumption increased 10.1 percent against 2020.
Industries with a high consumption index included metal production, wood processing and the production of wood and bamboo products, motor vehicles, coke, and refined petroleum products.
