HCMC’s economy continues to grow - HCMC’s economy continues to grow - Website Ho Chi Minh City
On April 27, HCMC People’s Committee held a meeting session on the city’s economic-cultural-social-national defense-security situation and budget spending and revenue in April and the first 4 months of 2017. Chairman Nguyen Thanh Phong attended.
According to a report of HCMC Department of Planning and Investment, HCMC’s economy continued to grow in the first 4 months of 2017, especially trade-service, industry, import-export.
Specifically, total retail sales and consumption service revenue in April was estimated at VND 73, 693 billion, up 2% compared to previous month and 7, 5% compared to the same period, the figure of first 4 months was estimated at VND 300, 301 billion, up 10, 6%. Total import-export value in April reached US$ 2.89 billion, up 23, 4% compared to the same period, the first 4 months of 2017 saw an estimate import-export value of US$ 10.9 billion, up 16,9% compared to the same period, the figure stated at US$ 9.9 billion excluding crude oil value, up 16, 8%.
Import value in April reached US$ 3.5 billion, up 18, 3% compared to the same period, it was estimated at US$ 13.1 billion in the first 4 months, up 20, 7% compared to the same period. Agro-forestry-fishery production value was estimated at VND 3, 604 billion in the first 4 months, up 6.1% compared to the same period.
To domestic investment, the city has 12, 088 newly licensed enterprises with total registered capital of VND 132, 592 billion, up 12% in term of number of enterprises and 59.1% in term of registered capital.
Regarding to foreign directed investment, the city attracted a total investment capital of US$ 895.74 million, up 43% compared to the same period, 600 cases of contributing capital and purchasing shares were approved worth US$ 467.12 million. Total State’s budget revenue in the first 4 months reached VND 124, 427 billion, equal to 35.77% of planned target and up 22.4% compared to the same period. Total budget spending was estimated VND 11, 700 billion, equal to 16.56% of the plan.
The city has done a good job in solving jobs, vocational training, supporting poor people and ensuring social security.