HCM City aims for 12% growth

The Chairman of the Ho Chi Minh City Municipal People’s Committee, Le Hoang Quan, has called on all sectors to strive for an annual GDP growth rate of 11.5 percent.

Mr. Quan on July 26 emphasized the need to monitor and control market prices from until the end of the year.

Over the past seven months, the southern hub has recorded many positive socio-economic achievements. Its economy has recovered in most fields with export turnover rising by more than 20 percent and tourism business growing by 24.3 percent.

Meanwhile, the city’s Consumer Price Index (CPI) in July slightly reduced by 0.09 percent against the previous month – the first reduction since 2009. For the entire first seven months of the year, the city’s CPI went up by 4.78 percent.

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