HCMC’s GDP growth may reach over 10% - HCMC’s GDP growth may reach over 10% - Website Ho Chi Minh City
On October 19, Chairman of HCMC People’ Committee Le Hoang Quan chaired a meeting on socio-economic-cultural situation of HCMC in October and in the first 10 months of 2015.
As estimated by HCMC, the socio-economic situation is on the right track, total retail volume (excluding price fluctuation), export volume (excluding crude oil) enjoy a higher growth than the same period of last year, consumer price index and inflation index are under control, trade and investment promotion activities proved effectiveness.
Total retail revenue of goods and services in the first 10 months is estimated at VND 550,001 billion, up 10, 6% compared to the same period.
Export volume in the first 10 months stayed at US$ 23,46 billion, down 3,8% compared to the same period; if excluding crude oil, the number is estimated at US$22,11 billion, up 9,2% compared to the same period.
Industrial production index increased by 7, 4% compared with the same period. Industrial production scale was expanded; industrial structure was broadened to the direction of proportion of processing and manufacturing industries.
Addressing at the meeting, Mr. Le Hoang Quan commented the statistics show the possibility that GDP of HCMC in 2015 may reach over 10% compared to the plan of 9, 5-10%. He requested Departments, agencies, districts and enterprises in HCMC to focus on implementing the 10 groups of solutions of HCMC till end of 2015, especially solutions on controlling inflations and macro-economic stability, ensuring social security, reviewing projects that use State’s budget, pushing up progress of transport projects, completing anti-flooding works.
Mr. Quan also suggested that banks strengthen to support enterprises in term of interest rate, to create more favorable conditions for enterprises to access loans for renewing production equipments in the rest of 2015.