Ho Chi Minh City, Vietnam's southern economic powerhouse, is looking for ways to revitalise its manufacturing sector, which presently accounts for barely 18% of the city's economy, according to state media on Friday.

Industrial production, a major driver of the city's economic growth, fell 0.9% year on year in the first quarter due to persistent global uncertainties and high interest rates, according to experts at a conference held here early this week, as quoted by a source.

According to Bui Ta Hoang Vu, Director of the city's Department of Industry and Trade, the city should change its focus to vital industrial areas such as electronics, pharmaceutical, chemicals-rubber-plastic, mechanical engineering, and food and beverage manufacturing.

Experts also suggested that the city invest in biotechnology, medical and renewable energy equipment manufacturing, and automation.

Nguyen Thi Kim Ngoc, Deputy Director of the city's Department of Industry and Trade, recommended local businesses to modernise their technology, workers' abilities, and facilities to match the supply chain criteria.

She stated that the municipal government intends to implement industrial growth plans until 2030, restructure the industrial sector, and boost scientific research and innovation.