HCM City needs specific plans to maintain economic growth
Ho Chi Minh City needs to carry out specific plans to maintain its economic growth in the last four months of 2016.
A corner of Ho Chi Minh City (Photo: VNA)The city will focus on implementing the Government’s Resolution No.19 on improving business environment and increasing national competitiveness in 2016-2017 and with orientation towards 2020, and Resolution No.35 on supporting and developing businesses until 2020.
Particularly, the city moves to simplify administrative procedures and enhance the application of information technology in the field to make it easier for enterprises to do business.
Apart from increasing market management and preventing effectively trade frauds, the city will actively promote the campaign “Vietnamese people prioritise Vietnamese goods” and pay more attention to the retail market which is dominated by foreign partners.
In the long run, HCM City will concentrate to improving the municipal trade development scheme and upgrading the information system for farm produce in 2016-2020, while establishing a chemicals and aromatic spices business centre.
The city plans to speed up the implementation of urgent infrastructure projects in 2016, including the development of water supply network.
According to Director of the municipal Department of Planning and Investment Su Ngoc Anh, the total retail sales and services revenue reached nearly 407 trillion VND (18.31 billion USD) in the January-July, a year-on-year increase of 11.4 percent.
The export turnover was estimated at 17.6 billion USD in the period, a yearly rise of 1.8 percent. Meanwhile, the import turnover hit 20.7 billion USD, up 9.8 percent.
The industrial production index rose by 3.1 percent.
The city attracted 19 public-private partnership (PPP) projects with a total investment of over 34.8 trillion VND (1.56 billion USD) in the first seven months of 2016.-VNA
You should also see
Leaders pay tribute to President Ho Chi Minh on National Reunification Day
Leaders and former leaders of the Party, State, Government, National Assembly (NA), and Vietnam Fatherland Front (VFF) paid tribute to President Ho Chi Minh at his mausoleum in Hanoi on April 26 on the occasion of the 49th anniversary of the Liberation of the South and National Reunification Day (April 30, 1975-2024).
See more
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
Business
Vietnam needs drastic reforms to create firm ground for economic growth: experts
Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.
