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Wednesday, July 24, 2024

HCMC economy gains strong growth in Jan-Sept

The Saigon Times

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HCMC – Gross regional domestic product (GRDP) of HCMC between January and September reached nearly VND1,100 trillion in current prices, up around 9.97% year-on-year, according to the HCMC Statistics Office.

This remarkable figure shows that HCMC’s economy has bounced back quickly after one year of implementing economic recovery programs in the new normal.

In the first nine months of this year, nine essential services made up 59% of the city’s GRDP. Among the nine, four with large proportions comprise commerce, transportation and warehousing, finance and banking, science and technology.

HCMC attracted 20.6 million domestic tourists, up 66.1%, and over 2.11 million international travelers, up 100% versus the year-ago period. The city has seen an increase in travel and tourism revenue of nearly four times year-on-year.

Total retail sales of consumer goods and services reached VND804,728 billion, up 25.9%.

The city recorded a 10.4% year-on-year increase in export revenue at US$36 billion.

The budget revenue of HCMC is estimated at VND350,000 billion, reaching over 90% of the full-year target and up nearly 28% year-on-year.

The city’s industrial production grew at a rapid pace of 19.6% between January and September.

The Statistics Office recommended that the city speed up the implementation of the economic recovery and development programs, market stabilization programs, and boost tourism activities and digital transformation.

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