The southern economic hub of Ho Chi Minh City estimated its industrial production value at VND214.484 trillion (US$13.4 billion) in the first eight months of this year, up 12.5 per cent on-year, Vietnam & World Economy newspaper reported.
The foreign-led sector produces VND82.255 trillion (US$5.1 billion), up 15.4 per cent on-year, the private sector VND80.225 trillion (US$5.01 billion), up 15.6 per cent on-year, and the state-owned sector roughly VND52.168 trillion (US$32.60 billion).
As many as 25 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 55.9 per cent of the city’s industrial value, including beverage, chemical production, rubber-plastic, electric equipments, and footwear with average growth from 2.2 per cent to 35.2 per cent.
In August alone, the city’s industrial value was at VND28.815 trillion (US$1.8 billion), up 3.9 per cent on month, it noted.
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)
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