HCMC reports year on year increase industrial production

SGGP
Industrial Production Index (IPI) in September reduced 1.69 percent over the previous month but up 12.29 percent over the same period year, reported deputy director of HCMC Department of Industry and Trade Nguyen Phuong Dong yesterday.

The index is estimated to increase 7.89 percent in the first nine months this year, higher than 7.84 percent during the same period last year.
During the first nine months this year, businesses operated stably. Advantageous investment environment has brought more foreign direct investment (FDI) firms to manufacturing and processing.
Total retail sale of goods and service revenue reached VND88,565 billion in September, up 1.9 percent over August and 12.7 percent over a year ago.
Export turnover was up 4.6 percent to hit $23.1 billion while import was up 7.18 percent to touch $28.85 billion, resulting in a trade deficit of US$5.75 billion.

By AI VAN – Translated by Hai Mien

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