Service sector contributes more to HCM City’s economy
The proportions of economic sectors in HCM City have been changing in an expected direction in the 2011-2015 period, with services having a rising proportion in GDP and industry contributing less to the city’s economy, the Saigon Times Daily reported on June 3.
The proportions of economic sectors in HCM City have been changing inan expected direction in the 2011-2015 period, with services having arising proportion in GDP and industry contributing less to the city’seconomy, the Saigon Times Daily reported on June 3.
According tothe HCM City government’s report, the proportion of the services sectoraccounted for 50.5 percent of the city’s GDP in 2005 but has risen to59.6 percent this year.
Meanwhile, the proportion of industry hasdropped from 48 percent in 2005 to 39.4 percent this year and that ofagriculture has remained unchanged at 1 percent.
The State sectorcontributed 26.6 percent to the city’s economy in 2006-2010 but only16.8 percent this year while the proportion of the private sector hasincreased from 50.6 percent to 58.2 percent.
Foreign investmentsin the city grew considerably in 2011-2015. Total fresh and additionalcapital in the period reached around 13.5 billion USD with 2,230 newprojects and nearly 670 ones adjusted.
HCM City has some 5,330valid FDI projects worth nearly 37 billion USD, with the property sectormaking up the biggest proportion of 36.7 percent (12.6 billion USD).-VNA
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