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VietNamNews

HCM City reviews socio-economic plan

Update: February, 05/2016 - 09:55
A view of HCM City. — Photo kenh14.vn

HCM CITY (VNS) — The HCM City People's Committee reviewed its socio-economic development and State budget for January, and mapped out its priorities for next month.

The municipal People's Committee said at a conference held on Monday that total sales of goods and services in January reached VND64.69 trillion ($2.9 billion), up 4.1 per cent from the previous month and 12.7 per cent on the year.

Exports, excluding crude oil, were expected to reach US$2.26 billion, an increase of 6.4 per cent against the same period last year. Imports were estimated at $2.86 billion, a 6 per cent decrease from the previous month but a year-on-year rise of 9 per cent.

Support policies have shaken up investment in the city, with the number of newly registered businesses rising 30 percent year on year to more than 1,900, with a combined capital of VND11 trillion ($496.7 million).

About 2,770 companies added nearly VND16.37 trillion ($734 million) to their registered capital, up 8.4 per cent and 68.4 percent respectively, compared with the same period last year.

International tourist arrivals in the city rose 8 per cent on the year to 445,500 during the first month of 2016, earning the city VND8.34 trillion in revenue – an increase of 7 per cent.

City People's Committee Chairman Nguyen Thanh Phong asked departments and local authorities to work hard to prepare a united, safe, joyful, cost-efficient Tet holiday for all residents.

The city is working to stabilise the prices of primary goods before and after Tet. It will also enhance management to prevent speculation, and ensure food safety and hygiene.

Bui Xuan Cuong, director of the municipal Department of Transport, said the city would provide sufficient vehicles to meet surging travel demand as people rush to return to their hometowns to celebrate Tet with their families.

Ten per cent more pre-Tet supplies were collected than expected – up 40 percent from last year, said City Department of Industry and Trade Deputy Director Nguyen Ngoc Hoa.

Le Van Khoa, deputy chairman of the Municipal People's Committee, urged banks to monitor their ATMs to avoid any unwanted breakdowns. Firms must also pay full salaries and bonuses, he said.

On goals for February, Phong said relevant bodies needed to work with local enterprises to learn firsthand about their difficulties with administrative procedures and create a better business climate. — VNS

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