HCM City’s production, trade maintain growth in Q3
Production and trade activities in the manufacturing and processing sector in Ho Chi Minh City remained stable in the third quarter this year, according to the municipal Department of Industry and Trade.
HCMCity (VNA)꧃ – Production and trade activities in the manufacturing andprocessing sector in Ho Chi Minh City remained stable in the third quarter thisyear, according to the municipal Department of Industry and Trade.
Thedepartment’s survey showed that 32.6% of the local enterprises saw better performance inthe period, 34.7% remained stable, and 32.7% still met difficulties comparedto the previous quarter. Aboutoutlook in the fourth quarter, 41.5% of respondents expressed their optimism, 36.3%expected stability, while 22.2% foresaw more challenges. Upto 88.9% of the State-owned enterprises were upbeat about their operation in the fourthquarter. This rate in non-State and foreign-invested sectors were 78.7% and72.7%, respectively. Severalenterprises pointed out positive signals in markets and drop in fuelprices recently which enabled them to effectively cash in on promising customersand reform governance. Accordingto statistics, the city’s industrial production index in September rose by 1%month-on-month and 89.6% year-on-year. In the period, the figure surged by 19.6% year-on-year./.
Ho Chi Minh City has collected more than 349.9 trillion VND (14.64 billion USD) in State budget revenue in the first nine months of this year, up 27.7% year-on-year, on the back of soaring revenue from real estate and crude oil, according to data from the municipal statistics office.
Ho Chi Minh City attracted 2.97 billion USD in foreign direct investment (FDI) this year to September 20, a year-on-year increase of 26.1%, according to the municipal Department of Planning and Investment.
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Ho Chi Minh City attracted 2.97 billion USD in foreign direct investment this year to September 20, a year-on-year increase of over 26%, according to the municipal Department of Planning and Investment.
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The country's industrial growth in the period was largely fuelled by the manufacturing and processing sector, which expanded by 10.3% and contributed 8.5 percentage points to the overall IIP.
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Illustrative image (Photo: baotintuc.vn) 
