HCM City’s industrial production up 7.4% in first five months

Tuesday, 2021-06-01 18:10:43
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NDO/VNA - Ho Chi Minh City’s Index of Industrial Production (IIP) rose 7.4% 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% 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%); metal production (37.8%); other processing and manufacturing technologies (32.2%); and electrical equipment production (27.1%).

According to the municipal Statistics Department, the local index of industrial consumption increased 10.1% 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.