|Customers purchase goods at Big C Hoang Van Thu Supermarket in HCM City. Companies under the city's price stabilisation programme are supplying higher volumes of goods for the Tet markets, up by 69.4 per cent compared with the same period in 2013. — VNA/VNS Photo Thanh Vu
HCM CITY (VNS)— The city authorities have reported initial achievements in the new year with significant growth rates from the city's business and service sectors in the first month of 2014.
The city attained industrial production growth rate of 1.4 per cent compared with the same period last year, according to the director of HCM City's Department of Planning and Investment, Thai Van Re.
It included a 25.5 per cent growth of the mechanics sector, a 3.8 per cent growth of the food processing industry and 0.6 per cent growth of the chemicals, pharmaceutical and rubber sector.
Businesses in the city have provided sufficient goods for the Tet markets, with reserves of goods valued at VND7.58 trillion (nearly US$360 million), a year-on-year increase of 40.5 per cent.
Companies under the city's price stabilisation programme have supplied higher volumes of goods for the Tet markets, up by 69.4 per cent compared with the same period in 2013, with several kinds of goods meeting 30-60 per cent of the demand in the Tet markets in HCM City and neighbouring provinces.
Total retail sales and service turnover in January were estimated at VND59.5 trillion, a 6.7 per cent increase compared with December 2013 and an increase of 18.2 per cent compared with the same period last year.
Re said the January's CPI rose by 0.4 per cent compared with December and by 0.44 per cent over the same period of 2013.
Prices of eight groups of goods increased slightly in January, with fees for accommodations, electricity, water and fuels, construction materials and transport services fees rising the most.
Prices of food rose by 0.33 per cent and foodstuffs by 0.19 per cent; while medical service costs and pharmaceutical prices fell slightly.
January's exports estimated at nearly $2.4 billion, down by 2.1 per cent over December and 10.3 per cent compared with the same period of 2013. Major decreases were reported for crude oil and coffee, computers and electronic components, footwear and garments.
The city authority granted licences to 1,415 local businesses with total registered capital of over VND7.1 trillion, an increase of 11 per cent in number of licences and 54 per cent in registered capital.
Re said in February the city authorities would focus on inspection and management of prices of goods under the price stabilisation programme, and at the same time to boost trade promotion programmes in the local market and provide goods to the Tet market.
The city will also create favourable conditions to help local enterprises to boost production, promote business and expand overseas markets for their goods and products. — VNS