HCM City’s industrial production index rises 7.51%
Ho Chi Minh City’s index of industrial production (IIP) in the first six months of this year increased 7.51% compared to the same period last year, reported the municipal Department of Industry and Trade at a conference on July 19.
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The IIP of four key sectors, including mechanical manufacturing industry; food processing; chemicals-plastic-rubber; and electronics-information technology, contributing 4.56% points to the growth, rose 10.23%.
In the period, industrial and export-processing zones in the city attracted total investment worth US$384.32 million, a year-on-year increase of 39.36%.
According to the HCM City Export Processing and Industrial Zone Authority, policies on land for industrial production remain unattractive to investors.
Municipal authorities were urged to accelerate land-clearance work and resettlement to facilitate industrial projects, and devise policies to support industrial enterprises by connecting them with banks.
