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.
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| A corner of Ho Chi Minh City |
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.
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