Business

HCM City’s industrial production index rises 7.51 percent

Ho Chi Minh City’s index of industrial production (IIP) in the first six months of this year increased 7.51 percent compared to the same period last year, reported the municipal Department of Industry and Trade.
HCM City’s industrial production index rises 7.51 percent ảnh 1HCM City’s industrial production index rises 7.51 percent - illustrative image (Source: Internet)
HCM City(VNA) - Ho Chi Minh City’s index of industrialproduction (IIP) in the first six months of this year increased 7.51 percent comparedto the same period last year, reported the municipal Department of Industry andTrade at a conference on July 19.

The IIP of four key sectors, including mechanical manufacturing industry; food processing;chemicals-plastic-rubber; and electronics-information technology, contributing 4.56percent points to the growth, rose 10.23 percent.

In the period, industrial and export-processing zones in the city attracted totalinvestment worth 384.32 million USD, a year-on-year increase of 39.36 percent.

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 andresettlement to facilitate industrial projects, and devise policies to support industrialenterprises by connecting them with banks.-VNA


VNA
#Ho Chi Minh City#index of industrial production#land-clearance work#resettlement#industrial projects#industrial enterprises#Vietnam#Vietnam news#Vietnamplus
Follow VietnamPlus

Related News

Industrial production index sees low increase

Industrial production index sees low increase

The national index of industrial production (IIP) rose by 2.4 percent year-on-year in the first two months of 2017, according to the latest report of the General Statistics Office.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.