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City renews pledge to help businesses resolve difficulties

Update: February, 27/2012 - 10:14

HCM CITY — Le Hoang Quan, chairman of the HCM City People's Committee, has reiterated his administration's commitment to understanding and resolving difficulties facing businesses based in the nation's commercial hub.

To this end, he has directed the heads of all municipal departments and districts to co-operate closely with each other in facilitating production and business activities as well as the consumption of goods.

They should also help the firms effectively tap the domestic market and strengthen their export base, he said at a meeting held yesterday to review the city's socio-economic performance in the first two months of the year.

He said relevant offices should enhance the skills of the staff in charge of monitoring administrative procedures so that they can make proper assessments and suggest effective streamlining measures.

They should propose the cancellation of unreasonable or redundant procedures that were hindering production and commerce and disrupting people's lives, he said.

Quan also reminded State-owned corporations and businesses to actively implement their restructuring plans, improve governing capacity as well as transparency.

He told them to focus on product quality and avoid investing in non-core business areas.

Better start

HCM City posted an estimated retail and service turnover of almost VND41 trillion (US$2 billion) in February, up 28 per cent compared to the same period in 2011. However, the figures marked a fall of 6.3 per cent from January, when the Lunar New Year was celebrated.

The retail and service turnover in the first two months of 2012 is pegged at VND84 trillion, up 18 per cent over last year's corresponding period.

February's export turnover is estimated at US$2 billion, up 7.2 per cent over January's figure. Export figures for the first two months will be US$3.87 billion, up 5.6 per cent over the same period in 2011'.

This month, the city imported goods worth around US$1.99 billion, up 9.8 per cent, while the figure for the first two months was US$3.81 billion, up 9.4 per cent.

HCM City attracted 335,000 foreign tourists in February, up 8 per cent year on year, for a two-month total of 645,000, a 4 percent higher than the same period in 2011, fulfilling 17 per cent of this year's target.

As of February 17, the city had issued licenses for 2,427 new businesses with a total registered capital of VND14.7 trillion, up 19 per cent in number, but down 13 per cent in registered capital.

Thirty-seven foreign investment projects with almost $34 million in registered capital had been licensed by February 20, up 5.7 per cent year-on-year in terms of the number of projects, but down 97 per cent in terms of capital. —VNS

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