Ho Chi Minh City

HCMC posts year on year GRDP growth rate

SGGP
The Gross Regional Domestic Product (GRDP) in HCMC reached 7.97 percent in the first nine months this year, higher than 7.76 percent during the same period last year.

HCMC Party Secretary Nguyen Thien Nhan  delivers a speech to open the conference on October 3 (Photo: SGGP)

HCMC Party Secretary Nguyen Thien Nhan delivers a speech to open the conference on October 3 (Photo: SGGP)

That was reported at the opening session of the 14th conference of the executive board of the HCMC Party Committee on October 3.
Economic structure has changed according to growth model. Service sector accounted for 57.2 percent, industry and construction 25.1 percent and agriculture 0.7 percent.
Total retail sales of goods and services is estimated to increase 10.82 percent and total export turnover hit $26.3 billion, up 15.7 percent. Import increased 16.9 percent, up 13 percent.
Social investment capital made up 30.6 percent of GRDP. Of these, the city gave capital priority to implementing key projects to solve urgent issues such as traffic jam and flooding and seven breakthrough programs of the city.
HCMC posts year on year GRDP growth rate ảnh 1 A view of the conference (Photo: SGGP) 

HCMC posts year on year GRDP growth rate ảnh 2 Mr. Nhan  (R) talks to delegates on the sideline of the conference (Photo: SGGP) 

By HOAI NAM, AI CHAN – Translated by Hai Mien

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