Thu. Apr 18th, 2024

Ho Chi Minh City has been focusing on stabilising prices and ensuring
adequate supply of goods this year in the first seven months of this

Chairman of the Municipal People’s Committee Le
Hoang Quan said official agencies have been monitoring changes in
prices, exports, and fluctuations in the global market to help
businesses cope with the economic downturn and maintain their exports.

They have also helped businesses by eliminating barriers to export and
through market stimulus programmes, he said, adding that the city has
managed to sustain its high growth rates this year despite difficulties.

The trading and service sectors saw lower growth rates,
manufacturing growth was higher, and agricultural growth was stable,
Quan said.

The report said work on major infrastructure
projects has been accelerated, especially those set to be finished this
year – like the Sai Gon Bridge No 2, Tan Son Nhat – Binh Loi Beltway,
steel flyovers at major intersections, Thanh Da Bridge, Do Bridge, and
flood-control projects.

In the first seven months of the year
retail sales and services were worth 337.8 trillion VND (15.9 billion
USD), a year-on-year increase of 11.8 percent, and exports topped 15.78
billion USD, unchanged year-on-year.

The city welcomed over 2.15 million foreign visitors, up 5.5 percent, while revenues from tourism rose by 15 percent.

Industrial production was up 5.3 percent while agriculture – forestry – fishery grew by 6.6 percent.-VNA

By vivian