Speaking at the event, Director of the municipal Department of Planning and Investment Su Ngoc Anh said that the total retail value rose 10.3% annually to surpass VND599.1 trillion (US$26 billion) during the period. The total export is estimated at US$22.8 billion, up 13.6% while the industrial production index increased by 7.31%.
Four key industries, namely mechanical engineering, electronics, chemicals – rubber – plastics, and food processing, continued expanding their markets. Investment in advanced equipment to improve quality and competitiveness surged 11.8% annually.
Since the beginning of this year, the city has granted licences to 26,614 new firms with a total registered capital of over VND358.89 trillion, marking 13.1% and 82.9% increases in the number of businesses and registered capital, respectively.
Up to 1,171 business households have switched their status to businesses. Meanwhile, the total foreign direct investment attraction hit US$3.23 billion, representing a 1.57-fold increase annually.
Anh attributed the growth to the city’s support in delivering innovation, improving the business climate and refining start-up ecology. Meanwhile, the city has also facilitated technological transfer in agriculture to produce safe and high quality farm produce.
The total agro-forestry-fisheries value was estimated at over VND7.63 trillion, up 6.5% on a yearly basis.
Director of the municipal Department of Finance Phan Thi Thang said that the city collected in excess of VND224 trillion to the State budget, or 64.39% of the estimate and up 11.47% from the same period last year. The total spending stood at VND33.58 trillion, or 47.54% of the estimate and up 20.64%.
Chairman of the municipal People’s Committee Nguyen Thanh Phong took the occasion to request that the agencies concerned continue perfecting start-up ecology, encouraging innovation and improving the business climate.
