HCMC gains highest economic growth since 2006
VGP - Hồ Chí Minh City posts a GDP growth rate of 11% in the first half of this year, nearly 2.4 times higher than the same period last year, and the highest rate since 2006, said Mr. Lê Hoàng Quân, Chairman of the Municipal People’s Committee.
The service sector accounts for 52.4% of GDP, up 10.8%, and the industry
and construction sector makes up 46.6%, up 11.3%. The city’s industrial
production value has risen by 13.7% in the January-June period.
Demand
for shopping in supermarkets and trade centers in Hồ Chí Minh City surges in 2010
The manufacturing industry posts a growth rate of 31.2%, electrics and
electronics up 21.5%, plastic and rubber products 14,5%, and food processing 6.8%.
The total goods retail sales and service revenues in the first six
months of this year have also surged 33.1%.
The city’s total budget collection in the reviewed period is estimated
at VND 76,965 billion, including VND 42,495 billion from domestic sources, up
33% on-year, and VND 25,200 billion from import-export activities, up 9.5%.
According to Mr. Lê Hoàng Quân, the city will, in the second half of
2010, focus on boosting business, production and export, improving investment
environment, and well implementing financial and monetary policies in order to keep
the inflation rate not too high and gain the GDP growth rate of over 11% this
year..
