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Ho Chi Minh City’s economy recovered strongly

Currently, most businesses in Ho Chi Minh City have returned to production and are focusing their resources to speed up production to meet orders.

“Businesses are very proactive, flexible, creative and their resilience to overcome the pandemic is very strong. Specifically, they have applied technology solutions in the digital transformation process for production activities. , for business activities and administration,” said Mr. Tran Thien Long – Vice Chairman of the Industrial Park Business Association.

The recovery and development of businesses have contributed to the increase of GRDP in the first quarter of Ho Chi Minh City this year by 1.88%. Continuing the momentum, entering the fourth month, the city’s economy continued to grow strongly with bright spots such as: The industrial index in April was estimated to increase by 9.7% over the same period.

Ho Chi Minh City's economy recovered strongly - Photo 1.

Most businesses in Ho Chi Minh City are focusing their resources to speed up production to meet orders. Illustration – Photo: Dan Tri

Especially in the first four months of the year, Ho Chi Minh City’s budget revenue was estimated at more than 168,000 billion VND, up 13.87% – the highest increase compared to the past 4 years.

“Those are the solution programs on economic recovery and development of the Central and the city that have been implemented in a timely and synchronous manner and have initially brought into full play the effectiveness. The whole political system of the city has been developed. synchronous declaration, drastic improvement business investment environment removing difficulties for businesses and people, so it has produced very good results,” said Mr. Phan Van Mai – Chairman of Ho Chi Minh City People’s Committee.

In order to play the role of the economic locomotive of the whole country, in the coming time, Ho Chi Minh City will continue to focus on reforming administrative procedures, improving the business investment environment, removing difficulties for people and businesses. industry, promote public investment, and encourage private investment.

According to experts, the city’s efforts not only create momentum economic growth for the next quarters of 2022, but also create growth momentum for the whole period from now to 2025.

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