VGP – Ho Chi Minh City’s economy expanded 8.1% in the first half amidst national difficult situations, said Vice Chairman of the People’s Committee Hua Ngoc Thuan today at the fifth meeting of the Municipal People’s Council.
The three-day meeting on July 11-13 will assess the local socio-economic performance in the first six months, debate measures to resolve economic difficulties and approve six statements on fee collection.
A corner of Ho Chi Minh City
Report shows the city’s GDP was estimated at VND 288 trillion in the first half, a year-on-year increase of 8.1%. To fulfill the preset target of over 10%, the city would strive for a monthly growth rate of over 11% for the rest of the year.
The local budget spending amounted to VND 22,134 billion and development investment was VND 11,734 billion, up 3.78% against the same period last year.
CPI surged 2.05% in the first six months against December, 2012, an encouraging signal proving the effectiveness of the city’s policies on market stabilization and social welfare.
However, over 1,200 enterprises (up 23%) with a total of VND 5,260 billion filed for dissolution.
Vice Chairman Thuan said the city would deploy a series of measures on preferential interest rates, tax exemption and market assistance for business circle in the second half./.
By Kim Loan