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HCM City targets 10 pct growth in retail sales, export revenue

The industry and trade sector in HCM City is targeting a growth rate of 8-8.5 percent in the industrial production index (IPI) and 10 percent growth in the total retail sales of goods and services for 2018, according to the HCM City Department of Industry and Trade.
HCM City targets 10 pct growth in retail sales, export revenue ảnh 1Staff at HCM City’s Department of Industry and Trade give instructions on how to conduct online public services (Photo: VNA)
HCM City (VNA) - The industry and trade sector in HCM City istargeting a growth rate of 8-8.5 percent in the industrial production index(IPI) and 10 percent growth in the total retail sales of goods and services for2018, according to the HCM City Department of Industry and Trade. 

The sector will also strive to obtain 10 percent growth in total export revenuevia the city’s ports in 2018.

Speaking at a December 29 meeting to review the department’s performance and set tasks fornext year, Nguyen Tien Dung, head of the department’s finance bureau, said theindustry and trade fields had outstanding growth rates this year with a 7.9percent increase of growth rate in the IIP, 11.32 percent growth in the totalretail sales of goods and services and 10.8 percent growth in export turnover.

The industry and trade fields gained added value of over 355.6 trillion VND (15.6billion USD), accounting for 33.5 percent of the city’s Gross Regional DomesticProduct (GRDP), he said.

Industrial production developed in a stable manner both in the short andlong-term, he said, adding that modern trade infrastructure, with an increaseof 18 supermarkets, three commerce centres and 218 convenience stores, togetherwith online retail, contributed to boosting total retail sales in the city.

The department has implemented measures to help untie difficulties faced bybusinesses in the city and organised programmes to help businesses expand theirmarket share in domestic and export markets.

For 2018, the department would work to create more favourable conditions tohasten the development of the retail sector and e-commerce, intensifyactivities to support businesses to develop production and trading, and promoteexports, he said.  
Nguyen Phuong Dong, the department’s deputy director, said the department hadsuccessfully implemented the first phase of the programme to trace the originof pork this year, with origin of over 95 percent of pork available in themarket put under control.

To enhance quality control of pork, the department would implement the secondphase of the programme starting from early next year by tracing the origin ofthe pork from the pig breeding period (with information related to feed,vaccines and medicines, veterinary staff and others), to the final retailpoints, he said.

Also on December 29, the department announced that it had officially put intooperation 55 online public services at level 4 in 11 groups of fields. This isexpected to help businesses and residents greatly reduce the amount of timeneeded to complete these administrative procedures.

Level 4 online public services will allow users to make online payments for thefee, if any.

Pham Thanh Kien, the department’s director, said the 55 online public serviceswere among 107 administrative procedures that the department had managed. These55 online public services also received the highest number of transactions frombusinesses and residents.

All public services at the department would be conducted online by the secondquarter of next year, he said.

The 55 online public services include services such as registering to implementpromotion programmes or trade fairs, establishing representative offices offoreign traders in Vietnam, and granting permits for eligible production andtrading in some sectors and others. 

According to the department’s figures, about 60,000 people come to thedepartment to conduct administrative procedure each year.

Online public services will help businesses and residents reduce the time andcosts needed to complete procedures, and will also trace their applicationprocess online.-VNA 
VNA

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