Southern city enjoys 7.89% rise in GRDP

Wednesday, 03/10/2018 18:27
Total gross regional domestic product (GRDP) of Ho Chi Minh city was estimated at over VND903.6 trillion, a year-on-year rise of 7.89%, according to the city People’s Committee.

Photo for illustration

Of this, the service sector saw a 8% rise in GRDP, while those of industry and construction increased 7.92%, agriculture soared 6.18% and product tax went up 7.44%.

Regarding sector structure in GRDP, service accounted for 61.2%, industry and construction made up 23.0%, agriculture occupied 0.7%, and product tax minus subsidies seized 15.1%.

Some sectors saw higher growth than in the same period last year, including trade 9.1%, tourism 9%, and information and communication 7.2%.

Total commodity export turnover of businesses in the nine months reached an estimated USD28.2 billion, up 7.7% over a year earlier. Excluding crude oil, the figure posted USD26.2 billion, up 10%. Some markets witnessing export turnover growth are Indonesia (62.5%), Taiwan-China (64.4%), Australia (47%) and India (39.9%).

Many commodities maintained or enjoyed growth, such as computer, electronic products and components (13.9%), rice (9.3%), vegetable and fruits (29.8%), and seafood (13.9%).

Meanwhile, commodity import turnover totaled USD34.8 billion during the period, up 10.5% over a year earlier. Notably, imports from China and Malaysia saw the highest growth at 20.1% and 18.9%, respectively with major import commodities being equipment and materials for production (up 22%) and material plastics (up 7.8%)./.

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