Deputy Minister of Industry and Trade Do Thang Hai and Nguyen Phuong Dong, deputy director of the HCM City Department of Industry and Trade, present certificates to representatives of businesses whose industrial and supporting industries products are recognised as featured industrial products of HCM City in 2020 (Photo: VNA) HCM City (VNA) – Ho Chi Minh City sets a target of 5 percent industrial growth in 2021 and its four key sectors expanding by at least 6.7 percent, according to its Department of Industry and Trade. The four are food processing, pharmaceutical chemicals-rubber-plastic, mechanical engineering, and electronics. The city also targets 10 percent growth in retail sales of goods and services and exports to 905.563 trillion VND (39 billion USD) and 49.2 billion USD. Speaking at a meeting held on January 13 to review the industry and trade sector’s performance last year and set tasks for this year, Nguyen Phuong Dong, the department’s deputy director, said: “In 2020 city enterprises restructured their production to make it market-oriented. The city’s industrial sector shrunk by 4 percent last year due to the impact of the COVID-19 pandemic. “The electronics sector grew by 18.7 percent. Local and foreign firms made products that were exported… Read full this story
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