HCM City industrial output rises 5.7%

A report from the city’s Department of Industry and Trade shows that the processing and manufacturing sectors grew by 5.8% in the period.

The IPP of four main industrial sectors grew at 5.3% year-on-year. 

Overall, first quarter growth in the last few years has been 2.7% in 2012, 3.6% in 2013, and 4.9% in 2014. 

The figures indicate that the city's business environment has become increasingly benign with the rolling out of incentives on investments and credit and administrative reforms. 

HCM City's rank in the Provincial Competitiveness Index (PCI) has been improving commensurately: Ranked 20th in 2011, it rose to fourth in 2014. 

In the Provincial Public Administration Reform Index it ranked sixth last year.