Ho Chi Minh City: Industrial production in April is estimated to increase by 5.4% over the same period.

Ho Chi Minh City Statistics Office said that the city's industrial production index in April is estimated to increase by 5.4% over the same period and 2.6% over the previous month.

The leader of the Ho Chi Minh City Statistics Office also said that for the four key industries, the city's industrial production index in the first four months of 2024 increased by 6.6% over the same period. Of which, the pharmaceutical industry increased by 18.6%; the mechanical industry increased by 5.4%; and the food and food processing industry increased by 3.5%.

TP. Hồ Chí Minh: Sản xuất ngành công nghiệp tháng 4 ước tăng 5,4% so với cùng kỳ

The index of industrial production of Ho Chi Minh City in the first 4 months of 2024 increased by 5.4% over the same period.

The city's secondary industry also recorded 19/30 industries with an industrial production index in the first 4 months of 2024 that increased compared to the same period. Of which, some industries had high growth rates such as the production of prefabricated metal products (except machinery and equipment) increased by 29.0%; production of rubber and plastic products increased by 26.5%; production of chemicals and chemical products increased by 18.1%; wood processing and production of products from wood, bamboo and rattan increased by 12.6%; production of machinery and equipment not classified elsewhere increased by 11.0%.

Some industries had a sharp decrease in industrial production index compared to the same period, such as: Motor vehicle production decreased by 47.2%; production of other means of transport decreased by 21.0%; production of electronic products, computers, optical products and leather production, related products all decreased by 7.8%.

For traditional industries, the industrial production index in the first four months of 2024 decreased by 2.7% over the same period. Of which, the garment manufacturing industry increased by 1.3%; the textile industry decreased by 2%; and the leather and related products manufacturing industry decreased by 7.8%.

To develop the socio-economy in the coming time, the leader of the Ho Chi Minh City People's Committee said that the city will promote public investment resources, attract foreign investment in the high-tech sector; develop import and export associated with planning the city's key service, industrial and agricultural sectors.

The city will attract FDI capital associated with the development of high-tech, new-tech fields, innovation projects associated with green transformation, digital transformation; research and promulgate breakthrough mechanisms and policies on attracting foreign investment. Strive for total social investment capital to account for an average of about 35% of GRDP; transform the model of industrial parks, export processing zones, high technology, develop the electronics industry, semiconductor microchips...; key industrial sectors and products; strive for an average social labor productivity growth rate of 7%/year...

“The city will expand sales channels on cross-border e-commerce platforms; control market prices, continue to implement the price stabilization program; link provinces to diversify supply sources; exploit free trade agreements, expand to potential export markets...”, said the leader of the Ho Chi Minh City People's Committee.

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