HCMC: GDP expands 8.7% in first nine months

The Municipal People’s Committee assessed that in the context of economic difficulties, the GDP growth rate is reasonable. GDP expanded 7.4%, 8.7% and 9.6% in Q1, Q2 and Q3, respectively, signalling that the local economy is getting back on track.

Over the past nine months, the city sent over 2,400 guest workers abroad, granted medical insurances for the poor and generated over 82,000 new jobs.

However, local budget collection stood at VND 15.2 trillion, meeting 65.12% of the estimate.

In the remaining months, the municipal People’s Committee will focus on inflation curbing, macro-economic stability, and economic restructuring.

The local authorities will direct credit organizations to assist businesses in accessing low-interest rate loans and handle non-performing loans.

Inefficient projects will be suspended and land tax payment will be extended and reduced, they said./. 

By Kim Anh