HCM shows positive changes in business
According to a report released during the Committee’s June 23 meeting, the city’s total GDP was estimated at 378.9 trillion VND (17.8 million USD), rising 8.2 percent over the same period last year.
Ho Chi Minh City’s economy has continued growing stably, recording positive changes in business production and State budget collection, according to the municipal People’s Committee.
According to a report released during the Committee’s June 23 meeting, which reviewed the city’s socio-economic and cultural situation in the first half of 2014 and launched key tasks for the second half, the city’s total GDP was estimated at 378.9 trillion VND (17.8 million USD), rising 8.2 percent over the same period last year.
In the period, the city collected 121.91 trillion VND (5.73 million USD) for the State budget, equivalent to 53.87 percent of its target, up 14.9 percent against the same period last year. Of the total, 67.8 trillion VND came from domestic activities and the rest of 38.4 trillion VND was from export.
According to Director of the municipal Department of Planning and Investment Thai Van Re, increase was seen in almost all income indicators as compared to those of the same period last year. Particularly, income from the economic sector rose 18.9 percent.
As of June 15, the city granted business licences to 11,189 enterprises with a total registered capital of 59.2 trillion VND (2.78 million VND), bringing the total investment to 115.8 trillion VND, up 6 percent year on year, he noted.
Meanwhile, the city also attracted a total of 1.08 billion USD in foreign direct investment (FDI), equivalent to 202 percent of the same period last year’s figure. Of the total, 967 million USD were poured in 169 new projects, while of 110 million USD was added to 53 underway ones.
At the meeting, Chairman of the municipal People’s Committee Le Hoang Quan asked local agencies to apply comprehensive measures to fulfil all set targets for the year, focusing on stepping up disbursement.
He also urged local departments to review the prolonged property projects, while seeking new export markets for the city’s products
In the period, the city collected 121.91 trillion VND (5.73 million USD) for the State budget, equivalent to 53.87 percent of its target, up 14.9 percent against the same period last year. Of the total, 67.8 trillion VND came from domestic activities and the rest of 38.4 trillion VND was from export.
According to Director of the municipal Department of Planning and Investment Thai Van Re, increase was seen in almost all income indicators as compared to those of the same period last year. Particularly, income from the economic sector rose 18.9 percent.
As of June 15, the city granted business licences to 11,189 enterprises with a total registered capital of 59.2 trillion VND (2.78 million VND), bringing the total investment to 115.8 trillion VND, up 6 percent year on year, he noted.
Meanwhile, the city also attracted a total of 1.08 billion USD in foreign direct investment (FDI), equivalent to 202 percent of the same period last year’s figure. Of the total, 967 million USD were poured in 169 new projects, while of 110 million USD was added to 53 underway ones.
At the meeting, Chairman of the municipal People’s Committee Le Hoang Quan asked local agencies to apply comprehensive measures to fulfil all set targets for the year, focusing on stepping up disbursement.
He also urged local departments to review the prolonged property projects, while seeking new export markets for the city’s products
21:45, 2025/01/15
Hanoi seeks 5% export growth in 2025
The city’s total import-export turnover reached US$60.1 billion in 2024, up 11% year-on-year.
08:41, 2025/01/11
Vietnam-Laos Industrial Park: New direction to strengthen bilateral ties
Numerous Vietnamese projects in various sectors have effectively contributed to Laos' development, creating jobs and improving the livelihoods of tens of thousands of local workers.
22:19, 2025/01/09
Hanoi's foreign trade turnover hits US$60.1bn in 2024
The city will continue to support businesses in exploring new markets, capitalizing on the Free Trade Agreement of which Vietnam is a member.
11:46, 2025/01/09
Vietnam confident of achieving 8% growth rate in 2025
Key drivers of Vietnam’s growth include institutional reforms and decentralized governance.
14:34, 2024/12/26
UK’s accession to CPTPP to benefit Vietnam’s exports in 2025
Vietnam, in particular, will gain further access to a high-quality market, complementing its connections with Japan, Canada, and Australia.
16:41, 2024/12/16
Hanoi seeks greater efficiency in e-commerce tax management
Hanoi's e-commerce tax administration is expected to be significantly tightened in the near future.