Illustrative image (Source: VNA)
 
HCM City (VNA) – Ho Chi Minh City’s exports-imports and industry kept thriving in January, contributing to its economic growth, as heard a meeting of the municipal People’s Committee on February 1.

During the month, the total export value hit 3.4 billion USD, up 3.8 percent year-on-year while import value rose by 62.9 percent annually to 4.42 billion USD.

About the State budget collection, Director of the municipal Department of Finance Phan Thi Thang said the total revenue to the State budget reached 36,541 billion VND (1.62 billion USD), up 10.29 percent annually. Meanwhile, revenue to the local budget reached 7,318 billion VND, marking a 1.12 percent increase.

The industrial development index expanded 15.04 percent in the reviewed month.

Pham Thanh Kien, Director of the municipal Department of Industry and Trade said four key industries of mechanical engineering, electronics, rubber, plastics and food processing grew by 19.6 percent year-on-year. In particular, the garment sector struck a number of export deals, 70 percent of them were signed with US partners.

According to the municipal Department of Industry and Trade, the city recorded 2,817 newly-established firms with a total registered capital of 19,580 billion VND, up 23 percent in volume. As many as 3,640 enterprises adjusted business registration, with additional capital tripling to 40,567 billion VND.

There were 41 foreign-invested projects worth 81.12 million USD while 13 others adjusted capital worth 24.36 million USD.

Chairman of the municipal People’s Committee Nguyen Thanh Phong said January economic figures have signaled positive signs to realise the city’s 2018 plan.

As the traditional Lunar New Year festival is days away, he asked the municipal Department of Industry and Trade to strengthen market inspection to prevent the shortage of goods and necessities and the availability of counterfeit goods.-VNA