HCM City (VNA) – Ho Chi Minh City’s gross regional domestic product(GRDP) has been estimated at 335.6 trillion VND (14.26 billion USD) in thefirst quarter of 2020, up 0.42 percent year-on-year.
According to the municipal Department of Statistics, theagro-forestry-fisheries sector posted a growth rate of 4.06 percent, and theindustrial and construction sector, 3.13 percent. On the other side, trade and servicesfell by 1.23 percent.
Due to the serious impact of the COVID-19 pandemic, growth rates acrossall regions and economic sectors were lower than the same period last year,with the trade and services sector most affected.
Five of the nine main industries recorded negative growth,including real estate (12.85 percent), education and training (26.57 percent),and accommodation and catering services (31.69 percent)./.
VNA