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Illustrative image (Source: VNA) HCM City (VNA) - The index of industrial production (IIP) of major industries in Ho Chi Minh City increased 7.5 percent year-on-year in the first quarter of this year, 3.7 percentage points higher than the sector’s overall growth. Such figures reflect the fact that COVID-19 has been contained in the city and an optimal business and production environment created for enterprises. Nguyen Nguyen Phuong, head of the bureau of planning and finance under the municipal Department of Industry and Trade, said the city’s IIP in March jumped 29.4 percent month-on-month and 2.2 percent year-on-year. The index rose 3.8 percent year-on-year in the first quarter. ....