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HCM City’s industrial production index up 6.21 percent in Jan-Feb

The index of industrial production (IIP) of Ho Chi Minh City expanded by 6.21 percent in the first two months of 2019, higher than that of the same period in 2018.

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hcm city’s industrial production index up 6.21 percent in jan-feb hinh 0

The growth was recorded in the mining sector (up 96.95 percent), processing and manufacturing industry (up 6.09 percent), electricity production and distribution (up 6.57 percent), and water supply and waste treatment (up 3.57 percent).

According to the municipal Department of Industry and Trade, the export turnover of industrial goods in January and February was estimated at 4.21 billion USD, up 27.4 percent and making up 75.5 percent of the country’s total exports.

Computers, electronics, and spare parts rose by 19.4 percent against the same period last year; garment-textiles, up 48.6 percent; footwear, up 35.5 percent; and machinery, equipment, and components, up 8.2 percent.

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