According to Mr. Nguyen Phuong Dong, Vice Director of the Municipal Department of Industry and Trade, the growth index of total retail, commercial services in the first six months of 2019 met the requirements while the Index of Industrial Production (IIP)’s growth was not high.
Accordingly, IIP index increased 7.0 percent, lower than that of the same period of 2018 at 7.1 percent. Particularly, the production index of four key industries was also determined to increase by only 5.5 percent, being lower than that of the same period of last year at 9.5 percent.
In contrast, the retail sector and commercial services continued to maintain a moderately good growth. Total retail sales of goods and accumulated services during the first haft months of the year were estimated at VND575 trillion, up 12.7 percent over the same period of 2018 at 12.5 percent.
From now until the end of 2019, in order to promote more investments, market connection and demand stimulation of consumption, the HCMC Department of Industry and Trade is expected to strengthen to organize the industrial, commercial and consumption exhibitions in the local and international markets. Besides that, the agency will organize delegations to work with each enterprise to grasp and promptly solve difficulties for businesses.
The pork supply for the city residents is forecast to continue being affected by outbreaks of the African Swine Fever (ASF) virus. Therefore, the city Department of Industry and Trade asked leading pig producers such as Vissan, San Ha Company, Saigon Agricultural Corporation, Ba Huan Company and Vietnam Joint Stock Company to plan pork reserve and support re-farming for pig stock-breeders to increase pork supply at the end of the year.
In case of pork shortage, Vietnam will import pork from 24 countries such as Australia, Austria, Belgium, Brazil, Canada, Denmark, France, Germany, Hungary, India, Japan, South Korea, Lithuania, Malaysia, the Netherlands, New Zealand, Spain, Poland, the United States, Russia, Mexico ..., which meet food safety standards in export markets.
In the first six months of the year, Ho Chi Minh City imported nearly 6,000 tons of pork with an import turnover of US$ 10.29 million.