HCM City sees signs of economic recovery
(VOVWORLD) - Ho Chi Minh City’s economy showed signs of recovery in the first quarter with an estimated GDP growth of 1.88% against last year, Director of the municipal Department of Planning and Investment Le Thi Huynh Mai said on Tuesday.
 Cargo containers at New Cat Lai Port (Photo: Quang Chau/VNA) |
At a meeting of the municipal People’s Committee on socio-economic growth in the first quarter and key tasks for the second quarter, Mai said growth was recorded in services, industrial production, and total export turnover.
In the second quarter, Ho Chi Minh City will continue to pursue its "Safe and flexible adaptation to the COVID-19 pandemic” and improve the quality of city government and the investment environment to facilitate businesses.
Focus is on public investment, administrative reform, improvement of the investment and business environment, and removal of obstacles and difficulties for individuals and businesses.
Promotion activities will be stepped up to encourage investment in making HCMC a smart city and developing an interactive, innovative urban area by 2025.