HCM City targets 7.5% economic growth in 2024

Ho Chi Minh City is expected to fulfill the yearly target of 7-7.5% in economic growth following positive results recorded in the past ten months of the year.

The southern metropolis posted export revenue of $38.55 billion during the ten-month period, a year-on-year increase of 10.5%. In October alone, the export value was estimated at over $4.3 billion, up 2.7% year-on-year.

The index of industrial production (IIP) continued to recover and maintained positive growth of 6.9% year-on-year. The index rose 8.9% year-on-year in October.

Total retail sales of consumer goods and services reached over VND979 trillion ($38.4 billion), surging 10.1% compared to the same period last year.

This year, city licensed 42,167 new enterprises as of October 20 with a total registered capital of over VND321.5 trillion ($12.6 billion).