Africazine:
Ho Chi Minh City is experiencing a robust economic recovery, marked by significant growth in various sectors.
Total retail sales of goods and consumer service revenue have surged by 13.1%. In the first two months, tourism revenue exceeded 102 trillion VND, with a remarkable 64% increase during the Lunar New Year compared to last year.
Strong Growth in Retail and Tourism Sectors
The retail and services sectors in Ho Chi Minh City have shown impressive recovery. The 13.1% increase in total retail sales indicates a rebound in consumer spending. This growth is complemented by a significant rise in tourism revenue, which surpassed 102 trillion VND in just two months.
The Lunar New Year period played a crucial role, contributing to a 64% increase in tourism revenue compared to the same timeframe last year. This surge reflects the city’s appeal as a travel destination and the effectiveness of its promotional efforts.
Investment and Business Expansion in Ho Chi Minh City
Ho Chi Minh City has also seen a notable increase in export turnover, which rose by more than 10%. Foreign direct investment inflows surged by 28.4%, showcasing the city’s attractiveness to investors. Additionally, the number of newly established enterprises skyrocketed by 63%, indicating a vibrant entrepreneurial environment.
Public investment disbursement reached 8.8%, a significant improvement over the previous year. The city is actively working to eliminate bottlenecks and accelerate key projects, aiming for a breakthrough in the first quarter.
Future Growth Initiatives and Expectations
- Focus on removing bottlenecks in key projects.
- Accelerate public investment initiatives.
- Continue to attract foreign direct investment.
Ho Chi Minh City is poised to meet and potentially exceed its growth targets with a clear recovery momentum.
