Vietnam HCMC to Post GDP Growth of 4 per cent in Q1
The GDP growth rate of Vietnam's biggest economic hub, Ho Chi Minh City, is estimated to have risen 4 per cent to VND58.473 trillion (US$3.46 billion) in the first quarter, according to the municipal statistics department.
Its industrial production value is forecast to have soared 1.9 per cent, exports dropped 11 per cent on year to US$4.4 billion, (including crude oil export value) and total retailing sales of goods and services up 18.3 per cent, the department said.
The city is estimated to have imported US$3.8 billion goods, down approx 30 per cent on year while exported nearly US$3 billion, up 27.4 per cent on year.
HCMC-based companies exported US$600 million worth of gold during the period.
It invested VND10.251 trillion, up 11.5 per cent on year.
Inflation of the city is reportedly to have risen 0.03 per cent in the period, state media said. (Youth, News)
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