HCM City enjoys positive growth in 7M

Ho Chi Minh City posted positive economic growth in many indicators in the first seven months of the year, the municipal authorities reported at a meeting held on August 1 to review the city’s socio-economic situation in Jan-July period.

The city’s industrial production showed signs of recovery in all three indexes. The Index of Industrial Production (IIP) rose 9.6% year-on-year, the consumption index of the processing and manufacturing sector grew 13.4% and the inventory index dropped 17.8%.

Total retail sales of consumer goods and services reached over VND661.5 trillion ($26 billion), up 10.3% compared to the same period last year.

The city licenses 29,991 enterprises during the seven-month period with a total registered capital of over VND245 trillion ($9.64 billion).