Pandemic-hit HCM City looks to sustain growth momentum this year Ho Chi Minh City, the biggest economic hub in southern Vietnam, aims to sustain growth momentum in the remaining months of 2021 even when it is battling the worst-ever COVID-19 resurgence which began in late May. Data from the municipal Statistics Office, the city's Gross Regional Domestic Product (GRDP) grew 5.46 percent year-on-year in the first half of this year. Total retail sales of goods and services reached about 542 trillion VND (23.5 billion USD), up 7.3 percent year-on-year. Budget revenue exceeded 198.56 trillion VND, up 20.7 percent and representing 55.7 percent of the yearly plan. Its Industrial Production Index (IIP) picked up 5.9 percent during the period, with growth seen in all four key industries – food and beverage (1.2 percent), pharmaceutical chemistry (2.6 percent), electronics (15.6 percent), and mechanical engineering (10.7 percent). This year, HCM City sets to achieve a GRDP growth of 6 percent or higher and collect over 364.89 trillion VND for the State budget, accounting for 24.79 percent of the national total. In a recent meeting with local leaders to check the city's COVID-19 response, Prime Minister Pham Minh Chinh highly spoke of the city's efforts to realise the… Read full this story
- Raiders-Chiefs is biggest game left as playoffs loom
- What has President Trump said about your country?
- MMQB: On Randy Moss, equality and commencement speeches
VIETNAM BUSINESS NEWS JULY 25 have 220 words, post on vietnamnet.vn at July 25, 2021. This is cached page on CuBird. If you want remove this page, please contact us.