HCMC industrial index grows at fastest pace in 3 years

In had grown at 1.4% in 2023 and 3.7% in 2022, according to the HCMC Statistics Office.

Of the city’s four main industries, pharmaceuticals, food processing and mechanical engineering posted growth, while electronics contracted.

Exports increased by 14.2% in the period to $18.6 billion and imports by 6.3% to $22.8 billion.

Foreign direct investment fell by 17.1% to $950 million.

Public spending rose by 18% to VND10.9 trillion.