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Industrial production of HCM City up 14%

30 Aug '06
1 min read

Industrial production of HCM City rose 13.5 percent to VND189 trillion (US $11.8 billion) where foreign-invested sectors grew 21.9 percent to VND72.16 trillion ($4.5 billion) in first eight months of the current year, according to statistics reveled by Ministry of Industry.

Around 20 industries such as footwear, textile and garment, rubber and chemical shown upward trend while seven sectors like electricity and auto manufacturers witnessed decline.

State owned enterprises gained 7 percent, city and district based enterprises rose by 3.3 percent and private enterprises increased 13.9 percent for the period in consideration.

There are 23 foreign invested sectors, 18 of those such as garment, chemical, footwear and electricity equipment grew above the average.

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