Prime Minister urges Ho Chi Minh city to bounce back from slow growth
(VOVWORLD) -Prime Minister Nguyen Xuan Phuc on Friday stressed the importance of Ho Chi Minh city to Vietnam, saying the city contributes from 20 to 22% of the national GDP, 25% of the national budget, 33% of services, and 18.4% of industry-construction.
At an online meeting with the municipal leaders, Prime Minister Phuc said: “Ho Chi Minh city reported that its growth rate in the first quarter was only 0.42% higher than in the same period last year. But according to the latest data of the General Statistics Office, the city grew 1.03%. So Vietnam’s economy in the first quarter might grow higher than the 3.82% rate reported earlier. This is good news for the national economy as the world is facing challenges.”
The Prime Minister urged the city to bounce back in the remaining 3 quarters to deserve its potential and advantages. He called on the municipal business community to join hands to overcome difficulties. Mr. Phuc said every citizen and company must be a soldier to undergo trial of their will power and wisdom in Vietnam’s most dynamic and most innovative center.