City’s industrial production twinkles

In spite of economic difficulties, industrial production in Ho Chi Minh City in August saw a good growth rate, the city’s Department of Industry and Trade recently said.

Workers at Datalogic Scanning Vietnam in HCMC, which produces barcode readers for export (Photo: SGGP)

The Industrial production value in the State-run sector gained over VND1.5 trillion, 5.7 percent higher than that of July.

Meanwhile, the value of the private sector hit VND16.74 trillion, an increase of 4.4 percent over the previous month.

The foreign invested capital sector went beyond VND15.5 trillion, a surge of 3.4 percent over that of July.

Industrial production in the first eight months of the year has grown 5.5 percent over the same period last year.

The growth has been seen in 20 out of 27 production industries, such as food and drink, chemicals, building materials and garments.

By L.Phong – Translated by Hai Mien

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