Ho Chi Minh City is likely to realise the 9.5-10 percent GDP growthrate target set for the full year when it is prompted by ayear-on-year GDP expansion of 8.9 percent in the January-Septemberperiod.
The HCM City Development ResearchInstitute made the assessment at the municipal People’s Committee’smeeting reviewing the nine-month socio-economic situation and key tasksfor the rest of the year on September 27.
Chairmanof the municipal People’s Committee Le Hoang Quan said most economictargets were reached with growth rates higher than in 2013.
In the period, retail sales of goods and services were estimated atover 476 trillion VND (22 billion USD), up 12.5 percent over the sameperiod last year, the Committee reported.
Meanwhile,exports were 23.8 billion USD, an increase of 3.5 percent, whileimports were 24.8 billion USD, down 8.78 percent (the same period lastyear increased by 12.92 percent).
The city grantedinvestment certificates to 292 new foreign-in projects and allowed 88others to increase their capital, with a total sum of 1.45 billion USD,an increase of 6.9 percent over the same period.
State budget collection reached 189.3 trillion VND (8.89 billion USD),accounting for 83.66 percent of the estimate for the whole year, anincrease of 15.66 percent.
At the meeting, Quanasked branches and sectors to continue solving problems and increasingsupport for businesses when it comes to the issue of capital, investmentenvironment and market exploitation, competitiveness and productquality improvement.
He also asked for increasingpublic investment efficiency, accelerating administrative reform, andfocusing investment on developing the sectors that serves the promotionof economic growth and economic structure transformation.-VNA
The HCM City Development ResearchInstitute made the assessment at the municipal People’s Committee’smeeting reviewing the nine-month socio-economic situation and key tasksfor the rest of the year on September 27.
Chairmanof the municipal People’s Committee Le Hoang Quan said most economictargets were reached with growth rates higher than in 2013.
In the period, retail sales of goods and services were estimated atover 476 trillion VND (22 billion USD), up 12.5 percent over the sameperiod last year, the Committee reported.
Meanwhile,exports were 23.8 billion USD, an increase of 3.5 percent, whileimports were 24.8 billion USD, down 8.78 percent (the same period lastyear increased by 12.92 percent).
The city grantedinvestment certificates to 292 new foreign-in projects and allowed 88others to increase their capital, with a total sum of 1.45 billion USD,an increase of 6.9 percent over the same period.
State budget collection reached 189.3 trillion VND (8.89 billion USD),accounting for 83.66 percent of the estimate for the whole year, anincrease of 15.66 percent.
At the meeting, Quanasked branches and sectors to continue solving problems and increasingsupport for businesses when it comes to the issue of capital, investmentenvironment and market exploitation, competitiveness and productquality improvement.
He also asked for increasingpublic investment efficiency, accelerating administrative reform, andfocusing investment on developing the sectors that serves the promotionof economic growth and economic structure transformation.-VNA
