Ho Chi Minh City’s industrial sector recorded positive growth in August, with the Index of Industrial Production (IIP) increasing 3.4 per cent compared to July and 6.6 per cent year-on-year, according to the city’s Statistics Office.

The IIP rose 2.8 per cent year-on-year in the first eight months of 2023.

During the eight-month period, total retail sales of goods and services in the city reached over VND764.46 trillion ($31.85 billion), up 7.6 per cent compared to the same period last year.

Of which, the retail sale of goods hit over VND452.6 trillion ($18.85 billion), a year-on-year rise of 9.6 per cent.

Figures from the Statistics Office also show that the city’s CPI rose 0.7 per cent year-on-year in August and 3.45 per cent in the first eight months.