HCM City’s economy keeps growing in 11 months
HCM City (VNA) – Ho Chi Minh City’s economy
continued to expand in the period from January to November with services and
trade being major growth engines, according to the municipal People’s
Committee.
In the last 11 months, total retail sales and services
revenue approximated 639 trillion VND (28.1 billion USD), a year-on-year rise
of over 9 percent, Director of the municipal Department of Planning and
Investment Su Ngoc Anh said at a regular meeting of the city administration on
December 2.
He noted activities to promote investment promotion and
improve the local investment climate have proved effective when domestic and
foreign capital kept pouring into the city.
While nearly 33,000 businesses were set up with total
charter capital of more than 266 trillion VND (11.7 billion USD), 729 FDI
projects worth 831.8 million USD were provided with investment registration
certificates during the period.
Enterprises based in HCM City exported some 28.8 billion USD
worth of goods, up 5 percent from a year earlier. Excluding crude oil, total value
of overseas shipments is estimated at 26.5 billion USD, rising by 10.4 percent,
the People’s Committee reported.
The industrial sector grew by some 7.23 percent in the 11
months, compared to the same period of 2015. Particularly, the four key
industrial sectors (mechanical manufacturing, electronics,
chemical-rubber-plastics, food processing) increased by 7.36 percent.
The southern city posted tourism revenue of over 89.69
trillion VND (3.9 billion USD) from January to November, up 7.23 percent from
the previous year. It also recorded 4.58 million international arrivals,
climbing 14 percent.
Chairman of the municipal People’s Committee Nguyen Thanh
Phong said the administration will press on with measures to support
enterprises and better the business climate in the time ahead.
HCM City aims for 50,000 new businesses to be established in
2017.-VNA