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In April alone, its
IIP increased 3.3 percent month-on-month, with mining
experiencing the highest growth, of 58.4 percent, department director Bui Ta
Hoang Vu said. Electricity production and distribution rose 25.6 percent,
manufacturing and processing 2.8 percent, and water supply and waste treatment 1
percent.
Data from the municipal Statistics Office shows that the four-month IIP
of four key industries grew 11.7 percent from a year earlier and was over 2.0
percentage points higher than the overall IIP. The highest growth was seen in
electronics manufacturing (27.7 percent), followed by mechanics (17.5 percent),
food and beverages (7.4 percent), and pharmaceuticals (2.4 percent).
Meanwhile, the IIP of traditional industries was down 4.4 percent year-on-year,
Illustrative image (Photo: VNA)
HCM City (VNS/VNA) - With raw materials prices rising, enterprises are
hiking prices to protect their profit margins.
Cement producers have increased prices by 30,000-40,000 VND (1.31-1.74 USD),
according to Luong Duc Long, vice president and general secretary of the Vietnam
Cement Association.
The Sai Gon Food Joint Stock Company hiked prices by 5-15 percent in the first
and second quarters, and the rise in the third and fourth quarters might reach
25 percent, its representative said.
Nguyen Quoc Anh, director of the Duc Minh Rubber Company Limited and chairman
of the HCM City Rubber and Plastic Association, said rubber prices are up 60 percent,
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