Tuesday, 29/07/2008 18:04

Ho Chi Minh City: Measures on export promotion along with market price stabilisation discussed

The Ho Chi Minh City People's Committee on July 28 held a conference to discuss measures to promote exports along with stabilising market prices from now to the end of this year and to deploy the implementation of the 2009 plan.

With all the difficulties for enterprises overcome, in the first seven months of this year, most of the socio-economic targets approved by the Ho Chi Minh City People's Council have been reached or ever surpassed, in which the trade, service, tourism, information technology and rubber sectors have attained high growth rate, reaching and surpassing 30% in turnover as against the same period of last year.

The city's export turnover in the first seven months of this year has been higher and trade deficit has been narrowed.

In the period, Ho Chi Minh City has attracted US$7.7 billion worth of foreign direct investment (FDI), ranking second nationwide in FDI attraction.

The city's budget revenue has increased VND 74,714 billion, to 28.8% year on year.

The city has been taking a lot of measures of market management and price stabilization, in which nearly VND 400 billion has been reserved for supporting enterprises to purchase goods and contribute to stabilising local market.

However it is likely to witness fluctuations of prices, capital, materials in the remaining months of this year and Ho Chi Minh City is determined to attain the growth rate of from 11.2% - 11.5% for the whole year, through coping with difficulties in credit capital for enterprises, launching a movement on spending saving in households, enterprises and the whole city, carrying out measures on market and price management as well as social security, quick delivering capital for urban traffic projects.

In 2009, Ho Chi Minh City strives to overfulfil the set targets of the 2008 socio-economic development.

ND

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