Ho Chi Minh City, Vietnam’s largest economic hub, recorded a positiveeconomic growth rate in May and throughout the first five months of2015, a conference heard on May 28.
Accordingto the municipal People’s Committee, total retail sales of goods andservices are estimated at over 54.3 trillion VND (2.49 billion USD) forMay and more than 267 trillion VND (12.28 billion USD) for theJanuary-May period, up by 10.8 percent compared to the same period lastyear.
The city’s Consumer Price Index rose by0.3 percent in May against the previous month. This month, the exportturnover is estimated at 2.57 billion USD and import turnover at 2.67billion USD.
During the first five months, morethan 113.7 trillion VND (5.23 billion USD) was collected for the citybudget, up by 4.7 percent year on year.
Mostnotably, the city’s index for industrial production is estimated toincrease by 6 percent compared to the same period in 2014.
The Director of the municipal Department of Planning and Investment,Thai Van Re, said domestic and foreign investors alike also recordedpositive results in the city.
As of May 20, thecity granted investment licenses to 207 projects worth a total of 672.7million USD, 72.5 percent more projects than during the same period lastyear. Meanwhile, 390 million USD was added to 68 existing projects.
The Chairman of the municipal People’s Committee,Le Hoang Quan, called upon local departments and authorities to focus onhelping enterprises overcome difficulties in production and operations.
Localities were asked to develop industry, renovate technologies, increase competitiveness and improve product quality.
In order to maintain Ho Chi Minh City’s rate of economic growth, thecommittee prioritised intensifying trade and investment promotionefforts, expanding potential markets, and strengthening the connectivitybetween enterprises and banks.-VNA
Accordingto the municipal People’s Committee, total retail sales of goods andservices are estimated at over 54.3 trillion VND (2.49 billion USD) forMay and more than 267 trillion VND (12.28 billion USD) for theJanuary-May period, up by 10.8 percent compared to the same period lastyear.
The city’s Consumer Price Index rose by0.3 percent in May against the previous month. This month, the exportturnover is estimated at 2.57 billion USD and import turnover at 2.67billion USD.
During the first five months, morethan 113.7 trillion VND (5.23 billion USD) was collected for the citybudget, up by 4.7 percent year on year.
Mostnotably, the city’s index for industrial production is estimated toincrease by 6 percent compared to the same period in 2014.
The Director of the municipal Department of Planning and Investment,Thai Van Re, said domestic and foreign investors alike also recordedpositive results in the city.
As of May 20, thecity granted investment licenses to 207 projects worth a total of 672.7million USD, 72.5 percent more projects than during the same period lastyear. Meanwhile, 390 million USD was added to 68 existing projects.
The Chairman of the municipal People’s Committee,Le Hoang Quan, called upon local departments and authorities to focus onhelping enterprises overcome difficulties in production and operations.
Localities were asked to develop industry, renovate technologies, increase competitiveness and improve product quality.
In order to maintain Ho Chi Minh City’s rate of economic growth, thecommittee prioritised intensifying trade and investment promotionefforts, expanding potential markets, and strengthening the connectivitybetween enterprises and banks.-VNA
