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Friday,  Dec 15,2017,22:57 (GMT+7)

HCMC’s 2017 GRDP growth put at 8.25%

Van Nam
Monday,  Dec 4,2017,18:51 (GMT+7)
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HCMC’s 2017 GRDP growth put at 8.25%

Van Nam

General view of the HCMC Party Committee’s 15th meeting last Friday - PHOTO: VOH

HCMC – Gross regional domestic product (GRDP) of HCMC is estimated to amount to over VND1,060 trillion this year, up 8.25% against last year, according to the city’s 2017 socio-economic performance report presented last Friday.

According to statistics provided at the 15th meeting of the HCMC Party Committee, growth of the service sector is projected at 8.2%, industry and construction at 7.8%, and agriculture at 6.3%. Consumer prices have been stable and international tourist arrivals have increased almost 23% with 6.4 million.

This year, exports and imports of HCMC are forecast to total around US$35.2 billion and US$43.1 billion, up 15.1% and 13.2% against last year, respectively.

Capital mobilization by credit institutions in HCMC is estimated to rise 15% to VND2,044 trillion, and total outstanding loans are estimated at VND1,746 trillion, up 18.5%. Incoming remittances are projected to reach around US$5.2 billion in the year-end, with 71% of it going to business activities.

Tran Vinh Tuyen, member of the HCMC Party Committee and vice chairman of the city’s People’s Committee, said the city’s investment environment has improved. Total investments this year have amounted to VND365.7 trillion, representing 35% of GRDP and rising 18% against 2016.

The city has attracted an estimated US$5.81 billion in fresh investments this year, up 68%. The number of newly established enterprises this year has gone up 13.4% year-on-year to 41,217.

As for next year, the city government looks to GRDP growth of 8.3-8.5%, total investments accounting for 35% of GRDP, and 46,000 startups.

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