HCM City sees high growth in four key industries

Ho Chi Minh City’s key industries posted a growth of 7.9% in November, the city’s Trade and Industry Department said.

The four key industries included the food processing sector with a rise of 2.6%; the rubber sector, 5.1%; the electronic sector, 9%; and the mechanical manufacturing sector, 14.8%.

In November, the city’s index of industrial production (IIP) slightly felt by 0.2% from previous month and jumped 6.4 against the same period last year. 

In 11 months, the city’s IIP increased 6.8%, up from 6.1% a year ago. 

According to Director of the Department Le Van Khoa, numerous enterprises have expanded their business scale, increased production capacity, and improved competitiveness with a view to meeting local people and other vicinities’ demands.