HCM City Records 11.2 per cent GDP Growth in First Half 2008
Ho Chi Minh City recorded the gross domestic product growth rate of 11.2 per cent on-year in the first six months of 2008, the highest level over the past four years.
Tourism, banking and finance, telecoms and shipping are the fastest developing sectors with two-digit growth rates.
The city saw a breakthrough in FDI attraction in the first half with new 186 projects licensed with investment capital of US$581 million in addition to 56 companies increasing capital worth US$136.2 million.
The number of private companies surged with new 7,700 companies established, up 23 per cent in quantity and up 2.6 times in investment capital.
Ho Chi Minh City took a lot of measures to stabilize commodity prices to fight inflation.
Big distributors such as Big C, Co.opMart, Maximark and Citimart coordinated with suppliers to launch promotion programs while traders were active to find sources of commodities to reduce consumer prices.
Ho Chi Minh City, the biggest economic hub of Vietnam, is still upbeat to attain GDP growth of more than 12 per cent for the full year. It earlier this year targeted to have GDP growth of 12.7 per cent-13 per cent. (Investment)
Vietnamese
