HCMC: Key industrial sectors expand sharply

VGP – Four key industries in Ho Chi Minh City have expanded over 7.5% in the first eight months of 2014.

August 27, 2014 10:47 AM GMT+7

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They were mechanics, electronics, chemicals-rubber-plastics and food processing.

Industrial production index was 6.5%, higher than the rate of 5.5% in 2013.

Other economic indicators including budget collection, investment attraction, foreign arrivals, and export turnover achieved positive outcome. Consumption price index dropped to a record low in August, by 0.05% against July.

HCM City Mayor Le Hoang Quan said that in the January-August period, the socio-economic performance was stable and developed vigorously. The local economy overcame difficulties and is expected to attain the preset goal for 2014.

In September, the city would focus on building the socio-economic development plans for 2015 and the five-year plan (2016-2020); extricating production obstacles for enterprises;promoting credit growth./.

By Kim Loan