Ho Chi Minh City’s GRDP estimated at 14.26 billion USD in Q1
Ho Chi Minh City’s gross regional domestic product (GRDP) has been estimated at 335.6 trillion VND (14.26 billion USD) in the first quarter of 2020, up 0.42 percent year-on-year.
Illustrative image (Source: baodautu.vn)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 the first quarter of 2020, up 0.42 percent year-on-year.
According to the municipal Department of Statistics, the agro-forestry-fisheries sector posted a growth rate of 4.06 percent, and the industrial and construction sector, 3.13 percent. On the other side, trade and services fell by 1.23 percent.
Due to the serious impact of the COVID-19 pandemic, growth rates across all 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)./.
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