HCMC miraculously posts positive growth in first six months

HCMC miraculously posts positive growth in first six months

Amid several difficulties due to the Covid-19 pandemic and decreasing oil price that have caused many countries to fall into a crisis, the fact that Ho Chi Minh City still managed to post positive economic growth in the first six months of this year is a miracle, said Mr. Huynh Van Hung, Director of the Department of Statistics of HCMC, at a press conference to announce the city’s socio-economic data in the first six months of this year.
Garment industry has seen a decrease in the number of export orders. (Photo: SGGP)

HCMC supports enterprises to develop domestic market

In the past two months, Ho Chi Minh City has implemented several measures to support enterprises to revive and develop production and business after the period of social distancing to prevent Covid-19.

HCMC reports year on year increase industrial production

Industrial Production Index (IPI) in September reduced 1.69 percent over the previous month but up 12.29 percent over the same period year, reported deputy director of HCMC Department of Industry and Trade Nguyen Phuong Dong yesterday.

Businesses are concentrating on production for the Tet holiday (Photo: SGGP)

Nearly 11,000 businesses established in January

Nearly 11,000 businesses registered to establish in January with the total capital of VND98.3 trillion (US$4.32 billion), a year on year increase of 20.6 percent in number and 8.9 percent in capital.