28.9 C
Ho Chi Minh City
Friday, June 14, 2024

HCMC’s industrial production down 21% in January

The Saigon Times

Must read

HCMC – The index of industrial production (IIP) of HCMC in January fell 21.4% against December last year and 15% against the same period last year, according to the city’s Department of Industry and Trade.

The IIP fall resulted from the week-long Lunar New Year holiday in the final week of last month.

Output of HCMC-based processing and manufacturing sectors dropped 22% compared to December 2022, while power production and distribution plummeted 12.8%.

Still, beverage, coking coal and refined petroleum products were among the sectors that saw growth over the same period last year.

More articles


Please enter your comment!
Please enter your name here

Latest articles