HCM City: industrial production grows 13.74 percent month-on-month in June
HCM City’s index of industrial production (IIP) in June rose 13.74 percent from the previous month, according to statistics of the municipal People’s Committee.
HCMCity (VNA) - HCMCity’s index of industrialproduction (IIP) in June rose 13.74 percent from the previous month, accordingto stati💯stics of the municipal People’s Committee.
The six-month IIP was equivalent to only96.8 percent of the figure of the same period last year. Thefour key industries of electronics, food and beverages, chemicals – rubber – plastic, and mechanics expanded by 0.8 percent. The electronics industry grew at 17.7 percent and the chemical industry by 9 percent. The electronics industry isseen to benefit from a strong and steady increase in domestic demand. Accordingto a report by the HCM City Computer Association, during the social distancingcampaign, the demand for computer products and internet services increasedsharply to serve the needs of people studying and working from home. Besides, industries with high growth ofmore than 10 percent included tobacco (11.7 percent), pharmaceuticals andpharmaceutical materials (20.7 percent). Industries with strong reductions werewood processing and wood and bamboo products (except furniture), metals, amongothers. Asurvey by the HCM City Statistics Department of more than 16,300 enterprises invarious industries found half of those affected by the pandemic saying theconsumer market had shrunk. More than half of State-ownedenterprises and 48.45 per cent of foreign enterprises that regularlyexport said they have been unable to do so this year. /.
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A corner of Ho Chi Minh City (Photo: VNA) 
