HCM City’s economy still on track to achieve targets

10:46 | 05/06/2017 Economy- Society

HCM City’s economic performance in the first five months of the year has been rock steady.

hcm citys economy still on track to achieve targets
Cat Lai Port in HCM City. Exports in the city have gone up in the first five months of the year in comparison with the same period last year - Photo: VNA

Exports have gone up in comparison with the same period last year. International and domestic investment in the city continues to grow, with the latter surging by 2.4 times. FDI was worth nearly 1.37 billion USD, an increase of 45.8 percent. Job creation, vocational training and support for poor people have been efficient to ensure social welfare.

The city’s revenues were 147.5 trillion VND (6.6 billion USD), an increase of 18.4 percent. Total exports turnover of enterprises in the city was around 14 billion USD, an increase of 17.1 percent compared with the same period in 2016.

The star performers were rubber whose export value rose by 39.8 percent, computers and electronic equipment (67.3 percent), and transport vehicles and accessories (95.1 percent). Imports cost 16.6 billion USD, an increase of 18 percent. Services and retail sales grew by 10.6 percent and industrial output increased by 7.1 percent...

Theo VNA