Social-economic situation in HCM City(first 6 months of 2019)

01 Jul

By: B&Company Vietnam


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In the first 6 months of 2019, GRDP of Ho Chi Minh City reached USD 26,229 million (~VND 610,096 billion), increased 7.61% compared to the same period of 2018. In aforementioned 7.61%, “commerce & service” accounted for 4.79% and those of “industry & construction” and “agriculture, forestry & fisheries” were 1.54% and 0.04% respectively.
Industrial production index increased by 7% compared to the first 6 months of 2018. In particular, electricity production and distribution 8.7%, processing and manufacturing industry increased by 7.0% and water supply & waste treatment increased by 1.1%.
The total export value of city enterprises exported through the city port (including crude oil) in the first 6 months of 2019 was estimated at USD 18,027.6 million (~VND 442,581.976 billion), up 10.1% over the same period last year while the import value was USD 20.460,8 million (~VND 475,918.208 billion), increased 4.2%.
Regarding investment capital, the total amount was recorded at USD 8,578 million (~VND 199,536 billion), increased by 14.8% compared to the same period of 2018.
Meanwhile, local budget spending is roughly calculated at USD 1,017 million (~VND 23,673 billion), increased by 6.7%.
Exchange rate on 16/7/2019 (The State Bank of Vietnam): USD 1 = VND 23,260
Source: Ho Chi Minh City Statistical Office