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HCM City on positive recovery path

Ho Chi Minh City’s economy saw positive growth signals this month while continuing to maintain its stable socio-economic development.
Ho Chi Minh City’s economy saw positive growth signals this month whilecontinuing to maintain its stable socio-economic development.

The remark was made at a February 28 meeting to review the city’ssocio-economic performance this month and discuss the implementation ofits key duties in March.

In the last two months, the city’sretail sales and service revenue aggregated over 103 trillion VND ( 4.9billion USD ), up 11.8 percent from the same period last year. Of which,43.43 trillion VND (2.04 billion USD) was raked in during February, ayear-on-year increase of 3.8 percent, delegates noted at the event.

In February, HCM City, the country’s economic hub, welcomed 396,000international tourists, up 10 percent from the same period last year,bringing the level of foreign tourists travelling to the locality in thelast two months to 778,000, a year-on-year surge of 11 percent.

Exports brought the city an estimated 1.8 billion USD this month, ayear-on-year hike of 14.7 percent. Agricultural production grew by 6.3percent from the same period last year.

This month, the citygranted business licences to more than 2,700 enterprises withregistered capital totalling over 14.36 trillion VND, and generatedjobs for 25,000 labourers.

To reach next month’s goals, themunicipal People’s Committee requested its departments and localauthorities to focus on curbing inflation, stabilising the macroeconomicsituation and ensuring social welfare.

Efforts will beexerted to stabilise local consumer demand and prices and createfavourable conditions for local businesses to enlarge their productionand market share.-VNA

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