Ho Chi Minh City industrial production growth of 1.18%

On July 3, Ho Chi Minh City Department of Industry and Trade said that in the first 6 months of 2020, the city's industrial production index (IIP) still maintained a good growth rate, an estimated 1.8% increase over the same period. in 2019. Of which four key industries are electronics manufacturing, food processing, food, beverages, chemicals - rubber - plastic and mechanics are estimated to increase by 2.0%.
 

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Specifically, the electronics manufacturing industry had the highest growth rate, reaching 17.7%. Food and beverage processing group increased by 0.44%. Chemical - rubber - plastic industry was estimated to increase by 9.04%. Particularly mechanical engineering has a relatively strong decrease of 12.1%.

Explaining this issue, the Department of Industry and Trade said that the electronics group had a sharp increase due to the stable and high consumption market and production orders. On the other hand, the report of Ho Chi Minh City Computer Association adds that, during the time of social gap, to serve the needs of studying and working at home, the consumption of computer products and internet services increased sharply to 200% -300%. Similarly, the food and beverage industry, while exports decreased, whereas domestic demand increased sharply. Preliminary statistics show that the retail sales of food and foodstuffs in the first 6 months of 2020 is estimated at 68,553 billion VND, up 11.2% (the same period an increase of 9.7%), accounting for 17.0% of the total sales. retail goods.

Currently, the city is implementing many solutions to support businesses such as linking industry associations to increase trade, increase online connection activities, e-commerce platform for businesses in the industry, connecting banks and businesses to solve capital problems.

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