The Ho Chi Minh City Statistical Office has just informed the city's socio-economic situation in the first six months of the year with 3.82 percent growth rate of the Gross Regional Domestic Product (GRDP).
From a deep decline in the third and fourth quarters of 2021, Ho Chi Minh City's economy in the first months of 2022 is making strong recovery steps. Gross Regional Domestic Product in the first quarter increased by 1.88 percent over the same period. Continuing the growth momentum, in April, the city recorded many bright spots, but there were still many challenges to face.
Efforts to restore economic growth and maintain its position as a major economic center of the country are both immediate and long-term requirements for Ho Chi Minh City. The city government has set a target by 2022 to achieve a growth rate of gross regional domestic product (GRDP) of 6-6.5 percent, creating the necessary conditions to accelerate its growth in the following years for the achievement of the social-economic five years plan.
At an international seminar on experiences in calling for investment and management of high-tech supporting industrial parks yesterday, participants said it is necessary to create a symbiotic ecosystem for supporting technology enterprises that apply high technology to deeply integrate into the global supply chain.
Resolutions on the socio-economic mission in 2022 and the socio-economic development plan from 2021 to 2025, including archiving the Gross Regional Domestic Product (GRDP) growth of 6-6.5 percent and creating jobs for 300,000 people, have been approved at the conclusion of the fourth session of the 10th People's Council of HCMC on December 9.
Before the coronavirus outbreak, Hanoi’s tourism industry contributed 12.54 percent of Gross Regional Domestic Product (GRDP) but 2020 saw a decline of 3.4 percent due to Covid-19, said Secretary of the Hanoi Party Committee, Vuong Dinh Hue.
Ho Chi Minh City was assigned to collect VND 405.83 trillion (US$ 17.5 billion) for the state budget in 2020, a rise of 1.68 percent compared to last year’s estimates, said Chairman of the municipal People’s Committee Nguyen Thanh Phong.
Prime Minister Nguyen Xuan Phuc asked for solutions to raise gross regional domestic product (GRDP) during a teleconference between the government and localities on July 2.
