HCM City’s industrial production value surges 4.2 percent in Feb

VNBusinessNews – HCM City’s value of industrial production, in February, surged by 4.2% compared to the previous month, according to the HCM City Statistics Bureau.

Of which, the state-run industrial areas posted a rise of 6.8% and private economic sectors increased by 4.1% month on month.
Notably, the foreign invested economic areas rose only 2% due to the narrow export markets.

During the first two months of this year, the hub’s industrial production value was estimated to increase by 2.9%. In which, state-run economic areas fell by 10.7% and both foreign-invested and private economic sectors posted low growth though it jumped by 16.3% during the first two months of 2008.

As for production fields, 14 out of 27 sectors posted high growth against the same period last year. It means that 13 out of 27 sectors decreased in industrial production value, accounting for nearly half of the Vietnam’s biggest city’s industrial production sectors.

Power equipment fell by 37.1%, electronic sector down 0.3%, auto -35.7%, power distribution and production -42.2%, garment -0.7% and plastic and rubber sectors -3.6% from the previous month.

Some other sectors posted growth such as drinking sector increased by 7.4%, construction materials +5.7% and metal products production jumped by 7.9% month on month. (CafeF)