HCM City’s industrial production up 14%

The total value of industrial production in Ho Chi Minh City has been estimated at nearly VND167.6 trillion in the first 10 months of 2010, a 14 percent increase from the same period last year.

In October alone, the city earned an estimated VND19.18 billion, up VND556 billion from last month and up 14.8 percent from October 2009.

Of this, the domestic industrial sector made up 64 percent and the foreign-invested industrial sector 36 percent.

The domestic private sector accounted for 43.6 percent of the city’s total industrial production value while the corresponding figure for the State sector stood at only 20.5 percent.

In October, all the city’s industries enjoyed some growth in comparison with October last year. The electronics industry saw the highest growth recording 34.6 percent.

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