According to a report of HCMC People’s Committee, GDP of HCMC in the first 3 months of 2015 is estimated at VND 202.040 billion, an increase of 8% compared to the same period of last year and higher than that of the last 3 consecutive years. Total retail sales and service turnover of the first 3 months is estimated at VND 159.373 billion, up 11,5% compared to the same period of last year.

Consumer price index (CPI) in March rise 0,16% compared to previous month and down 0, 72% compared to December, 2014.

Export turnover in the first 3 months is estimated at US$ 7 billion, up 7,3% compared to the same period, import turnover reached US$ 6,3 billion. Index of industrial production in March rise to 32,9% compared to previous month. Totally, industrial production index enjoys a 5,6% increase compared to the same period.

As estimated by HCMC People’s Committee, in the first 3 months of 2015, socio-economic situation achieve many positive results. Total retail sales and service revenue also increase, it means that HCMC gets a good economic growth while keeping consumer price index, inflation under control. This is a good start and creates a motivation to boost growth in the following months. Investment attraction also achieves positive signs with growing number of new established enterprises. Export turnover continues to increase compared to the same period and remains a surplus. Budget expense and revenue also get good results, almost revenue targets are achieved as estimated and even higher than the same period of last year, especially from economic zones with an increase of 11,79% compared to the same period. The figure shows that trade and production situation is recovering, enterprises are making efforts in maintaining trade and production activities, contributing to the State budget revenue.

Industrial production value continues to grow with expanding scale, internal structure of industrial production continues to shift in the direction of increasing proportion of processing industries, manufacturing, decreasing proportion of mining industry. Agricultural production value also get good results attached with intensification of agriculture encouraging activities, transferring technical advances of breeding, applying new technology and development of high quality plant varieties and animal breeding. HCMC continues to take a special attention to new rural model. Urgent projects against floods are continuously implemented. Political and security situation is maintained while securing social order and traffic safety.

Mr. Le Hoang Quan also assigned relevant departments and sectors the job of co-operating and estimating impacts of power and petrol price adjustment plan on enterprises and local people, reviewing impacts of transportation rates and reporting to HCMC People’s Committee for assessment and prompt guidance.

HCM CityWeb