The southern economic hub of Ho Chi Minh City estimated its industrial production value at VND29.2 trillion (US$1.8 billion) in July, up 3.2 per cent on-month, said Vietnam & World Economy newspaper Tuesday.
The figure has totaled the city’s industrial value in the first seven months of this year to VND186.9 trillion (US$11.7 billion), up 12 per cent on-year, it noted.
Of the figure, the foreign-invested sector contributes VND11,369 billion (US$710 million), up 4.6 per cent on-month, the private sector with VND10,809 billion (US$738 million), up 5.2 per cent on-month , and the state-owned sector with roughly VND7,032 billion (US$439 million).
As many as 26 out of 27 industries in the city obtain growth increase in industrial value in the period, said a city’s official, adding that industrial value of state-owned enterprises are much less than that of private and foreign-invested sector.
Market experts have highlighted big leaps in production of eight key industries, which make up for 66.9 per cent of the city’s industrial value, including beverage up 3.7 per cent on-month, chemical production 13.75 per cent, rubber-plastic 16 per cent, electric equipments 37,2 per cent, and footwear 6.8 per cent.
In the period 2006-2010, HCM City will prioritize 11 industries including electronics, information technology (IT), engineering, chemicals-plastics, food processing, textiles and garments, leather and footwear, woodwork-fine arts-handicraft, construction materials, metallurgy, electricity, and water supply and drainage. (Vietnam & World Economy)
Vietnamese
