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.
HCM City (VNA) – The index of industrial production (IIP) of Ho Chi Minh Cityexpanded by 6.21 percent in the first two months of 2019, higher than that ofthe same period in 2018.
The growth was recorded in the mining sector (up96.95 percent), processing and manufacturing industry (up 6.09 percent),electricity production and distribution (up 6.57 percent), and water supply andwaste treatment (up 3.57 percent).
According to the municipal Department ofIndustry and Trade, the export turnover of industrial goods in January and Februarywas estimated at 4.21 billion USD, up 27.4 percent and making up 75.5 percentof the country’s total exports.
Computers, electronics, and spare parts rose by19.4 percent against the same period last year; garment-textiles, up 48.6percent; footwear, up 35.5 percent; and machinery, equipment, and components, up8.2 percent.–VNA
Vietnam’s industrial production index (IIP) in January expanded 7.9 percent year-on-year, much lower than the growth rate of 22.1 percent the same time last year, according to the General Statistics Office (GSO).
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Illustrative image (Source: VNA) 
