HCMC’s economy continues to grow in the first 9 months of 2015 - HCMC’s economy continues to grow in the first 9 months of 2015 - Website Ho Chi Minh City
(HCM CityWeb)- On September 4, HCMC People’s Committee held a regular meeting on socio-economic situation and budget collection and spending in September and in 9 months of 2015, directions and missions of 2015. Chairman Le Hoang Quan and Vice Chairman Le Thanh Liem co-chaired the meeting.
According to the report of HCMC People’s Committee, HCMC’s economy continues to grow, especially in fields of industry and trade, contributing to the economic growth of HCMC and maintaining its growth in 4 consecutive years.
GDP of HCMC in the first 9 months of 2015 was estimated at VND 649,499 billion, up 9, 1% compared to the same period. Total retail and service volume reached VND 493,439 billion, up 11%, of which trading turnover reached VND 392,846 billion, up 11, 8% compared to the same period of 2014. Excluding the price fluctuation, total retail and service turnover increased by 10, 4%.
Export quota in the first 9 months reached US$ 22, 45 billion, down 5, 9% compared to the same period. Excluding crude oil, the figure was estimated at US$ 19, 55 billion, up 8% compared to the same period. Import quota in the first 9 months reached US$ 24, 39 billion, up 9, 8% compared to the same period.
Consumer Price index in September decreased by 0,47% compared to August and 0,99% compared to September of 2014 and 0,25% compared to December of 2014.
Industrial production index (IPI) of September was up 0,3% compared to previous month and up 11,8% compared to the same period, IPI of the first 9 months was up 7,3% compared to the same period, due to continuous expansion of industrial production scale and positive changes of industrial structure. Four key industries (machanical engineering, electronics, chemial-rubber-plastic and refined food processing) increased by 7,6% compared to the same period.
Investment situation of domestic enterprises, FDI attraction as well as budget collection and spending have a postive change. Total State’s budget revenue in the first 9 months reached VND 200,907 billion, up 5,49% compared to the same period. Total budget spending of localities (excluding advances) was estimated at 30,612 billion, equivalent to 56,05% as planned, down 2,35% compared to the same period.
Addressing at the meeting, Mr. Le Hoang Quan said the continuous economic development of HCMC was thanked to implementation of solutions of improvement of investment environment, inflation control, removing capital difficulty for enterprises, etc. These solutions create an important lever for business and production activities of enterprises. Mr. Quan added that HCMC’s top priority in the last 3 months of 2015 is to focus on maintaining stable economic development, removing difficulties and supporting enterprises. He requested departments-agencies to continue carring out solutions of supporting enterprises, expanding market, coordinating with The State Bank of Vietnam to solve capital difficulty for enterprises.
Mr. Quan also suggested to implement 12 groups of solutions of HCMC in the last 3 months of 2015 including: improving investment environment; promoting business and production development; strengthening inspection and market control; boosting trade-export-import; accelerating progress of planned projects; doing a good job in real estate market management; carring out natural resource management, environmental protection and climate change; implementing anti-flooding programs, supplying clean water, reducing traffic jam, implementing social security policies, social welfare and improving people’s lives, etc.