Ho Chi Minh City’s economy has continued growing stably, recordingpositive changes in business production and State budget collection,according to the municipal People’s Committee.
According to a report released during the Committee’s June 23 meeting,which reviewed the city’s socio-economic and cultural situation in thefirst half of 2014 and launched key tasks for the second half, thecity’s total GDP was estimated at 378.9 trillion VND (17.8 million USD),rising 8.2 percent over the same period last year.
In the period, the city collected 121.91 trillion VND (5.73 million USD)for the State budget, equivalent to 53.87 percent of its target, up14.9 percent against the same period last year. Of the total, 67.8trillion VND came from domestic activities and the rest of 38.4 trillionVND was from export.
According to Director of themunicipal Department of Planning and Investment Thai Van Re, increasewas seen in almost all income indicators as compared to those of thesame period last year. Particularly, income from the economic sectorrose 18.9 percent.
As of June 15, the city grantedbusiness licences to 11,189 enterprises with a total registered capitalof 59.2 trillion VND (2.78 million VND), bringing the total investmentto 115.8 trillion VND, up 6 percent year on year, he noted.
Meanwhile, the city also attracted a total of 1.08 billion USD inforeign direct investment (FDI), equivalent to 202 percent of the sameperiod last year’s figure. Of the total, 967 million USD were poured in169 new projects, while of 110 million USD was added to 53 underwayones.
At the meeting, Chairman of the municipalPeople’s Committee Le Hoang Quan asked local agencies to applycomprehensive measures to fulfil all set targets for the year, focusingon stepping up disbursement.
He also urged localdepartments to review the prolonged property projects, while seeking newexport markets for the city’s products.-VNA
According to a report released during the Committee’s June 23 meeting,which reviewed the city’s socio-economic and cultural situation in thefirst half of 2014 and launched key tasks for the second half, thecity’s total GDP was estimated at 378.9 trillion VND (17.8 million USD),rising 8.2 percent over the same period last year.
In the period, the city collected 121.91 trillion VND (5.73 million USD)for the State budget, equivalent to 53.87 percent of its target, up14.9 percent against the same period last year. Of the total, 67.8trillion VND came from domestic activities and the rest of 38.4 trillionVND was from export.
According to Director of themunicipal Department of Planning and Investment Thai Van Re, increasewas seen in almost all income indicators as compared to those of thesame period last year. Particularly, income from the economic sectorrose 18.9 percent.
As of June 15, the city grantedbusiness licences to 11,189 enterprises with a total registered capitalof 59.2 trillion VND (2.78 million VND), bringing the total investmentto 115.8 trillion VND, up 6 percent year on year, he noted.
Meanwhile, the city also attracted a total of 1.08 billion USD inforeign direct investment (FDI), equivalent to 202 percent of the sameperiod last year’s figure. Of the total, 967 million USD were poured in169 new projects, while of 110 million USD was added to 53 underwayones.
At the meeting, Chairman of the municipalPeople’s Committee Le Hoang Quan asked local agencies to applycomprehensive measures to fulfil all set targets for the year, focusingon stepping up disbursement.
He also urged localdepartments to review the prolonged property projects, while seeking newexport markets for the city’s products.-VNA
