HCMC – HCMC’s index of industrial production (IIP) rose by 3.4% in September compared to the previous month, and by 11.2% year-on-year, the city’s People’s Committee reported on October 1.
The city’s industrial sector showed signs of recovery, with positive growth in mining, manufacturing, electricity production, and waste management. The IIP for the first nine months of 2024 increased by 6.9% over the same period last year.
Retail sales and service revenues expanded by 10.5% in the first nine months of the year, despite extreme weather patterns affecting the hotel and tourism sectors.
The consumer price index (CPI) inched up by 0.45% in September versus the previous month and rose by 2.71% year-on-year, driven by higher education and food service costs. The CPI for the third quarter increased by 2.99% year-on-year, while the nine-month average went up by 3.17%.
Total social investment in the city grew by 6.7% during this period, driven by efforts to resolve project delays.
