HCMC sees 10.3 pct increase in GDP

Ho Chi Minh City’s gross domestic product (GDP) in this year's first quarter is estimated at VND85.5 trillion in the first quarter of 2011, up 10.3 pct.

The city’s service sector rose by 10 pct, the industry and construction sector, 10.9 pct and agricultural sector, 4.2 pct.

According to Chairman of the municipal People’s Committee Le Hoang Quan, in the second quarter of this year, the city is focusing on implementing solutions to overcome difficulties caused by the fluctuation of the VND/USD exchange rate, hikes in petrol and electricity prices as well as disasters and epidemics.

However, the city still lacks a skilled labor force and has not been able to ensure food hygiene safety and traffic safety, he said, adding that administrative procedure reform remained complex.

tuoitrenews, Vietnamplus

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