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    Home»Breaking News»Ho Chi Minh City’s economy recovered strongly after the COVID-19 pandemic
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    Ho Chi Minh City’s economy recovered strongly after the COVID-19 pandemic

    Kevin LeBy Kevin LeOctober 3, 2022No Comments6 Mins Read
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    That is shared by Mr. Nguyen Van Nen – Secretary of the Ho Chi Minh City Party Committee, with the press on the sidelines of the 17th conference to discuss the draft socio-economic situation in 9 months, and a preliminary evaluation of 1 year implementation. Resolution 05 of 15 September 2021 on the master plan for epidemic prevention of Covid-19 and socio-economic recovery.

    – How do you evaluate the results of the 1-year preliminary evaluation of the implementation of Resolution 05 of September 15, 2021 on the master plan for the prevention of Covid-19 epidemics and socio-economic recovery, sir?

    It can be said that after 1 year of implementation of Resolution 05 of September 15, 2021 on the master plan for epidemic prevention of Covid-19 and socio-economic recovery, Ho Chi Minh City is continuing a strong recovery momentum, creating psychology and confidence for people and companies feel safe in investment, production and business. This is considered one of the “historic decisions” to help the city’s economy recover quickly during the epidemic.

    Ho Chi Minh City's economic recovery after the COVID-19 pandemic: "The numbers speak"!  - Photo 1.

    mr. Nguyen Van Nen – Ho Chi Minh City Party Committee Secretary: Gross Domestic Product (GRDP) in 9 months of 2022 is estimated to increase by 9.71% over the same period; in which industry – construction (+12.28%), trade – services (increase by more than 10%)

    If counted in just 9 months, Ho Chi Minh City has raised almost VND 350,000 billion from the budget, which are figures that can be said after 1 year of implementation of Resolution 05 of September 15, 2021 on the master plan to prevent the Covid and control -19 epidemic and socio-economic recovery.

    Gross domestic product (GDP) in 9 months of 2022 is estimated to increase by 9.71% over the same period; in which industry – construction (+12.28%), trade – services (increase by more than 10%). Other indicators of economic growth all rose, such as export sales reaching nearly USD 36 billion, import sales reaching USD 47.8 billion, total retail sales of goods and services sales reaching nearly 805,000 billion dong (up nearly VND 47, 8 billion). 26%), tourism revenues reached more than VND 89 trillion (an increase of 126.5%).

    Ho Chi Minh City's economic recovery after the COVID-19 pandemic: "The numbers speak"!

    And also in these 9 months, Ho Chi Minh City has nearly 33,000 new licensed enterprises with a total registered capital of more than 376 trillion dong; attracting foreign investment capital of USD 2.97 billion. Notably, budget revenues are estimated at nearly VND 350,000 billion (more than 90.5% of the estimate), an increase of nearly 28% over the same period.

    – Can you tell a little more about the solutions that Ho Chi Minh City offered in the context of the very stressful COVID-19 epidemic at the time to bring success, sir?

    As we have seen, the Executive Committee of the Ho Chi Minh City Party Committee held the 8th meeting to advise on Directive No. 18 of the Ho Chi Minh City People’s Committee, the Standing Committee of the City Party Committee gave its advice on the socio-economic situation in the first 9 months of 2021. At that time, although many solutions were discussed, Ho Chi Minh City was still very concerned because the socio-economic indicators were low in 9 months, negative growth, and only the budget reached 74% of the estimate. The difficulty is that, but the situation and responsibility and responsibility have forced Ho Chi Minh City to think beyond and be determined to implement synchronous solutions.

    Ho Chi Minh City's economic recovery after the COVID-19 pandemic: "The numbers speak"!  - Photo 2.

    In 9 months, tourism revenues reached more than VND 89,000 billion (an increase of 126.5%), compared to the same period last year

    The results are: “after 9 months of socio-economic recovery and development, the city has essentially regained what was lost”. In which tourism revenues alone reached more than VND 89 trillion (an increase of 126.5 percent) in the same period is an encouraging figure in the context that Ho Chi Minh City has begun to open since the COVID-19 pandemic.

    And after 1 year of implementation of Resolution 05 of September 15, 2021, Ho Chi Minh City’s achievements have been quite comprehensive and have been evaluated by the Central Committee of the Party, the government, the National Steering Committee for Preventing and Combating Covid-19 high, recognize people, agree and support. During the epidemic prevention and control process, there were a number of violations that were immediately detected, addressed rigorously and satisfactorily.

    – These are the socio-economic results achieved in 9 months. So, what are the next solutions that HCMC proposes for the last 3 months of the year, sir?

    In the last 3 months of 2022, the pressure for Ho Chi Minh City is great, still full of difficulties and challenges. Therefore, in order to catch up on the successes of the last 3 months of the year, all levels and sectors must focus strongly to properly implement the programs and goals set out. In which, programs and projects under 4 core programs, breakthroughs in the development of the city need to make more efforts to be successful.

    And Ho Chi Minh City has identified 2023 as a pivotal year, so it is necessary to select some key areas and content to focus on accelerating, giving priority to accelerating the progress of investment projects to infrastructure such as: Ring 3, Xuyen Tam canal, full city railway No. 1 ahead of schedule, coordinate to speed up the construction of T3 terminal at Tan Son Nhat airport.

    In addition, the units should focus on implementing unfinished content, such as promulgating regimes and policies to attract and treat high-quality personnel; stabilize the labor market; quickly remove barriers and obstacles, solve the problem of social housing and housing for workers; improve the quality of service and the satisfaction of people and companies. In addition, continue to consolidate, renew and develop the social security and protection system; Quickly add resources to implement the 2021-2025 Sustainable Poverty Reduction Program and submit it to the People’s Council of Ho Chi Minh City at the October 2022 Thematic Meeting.

    Currently, the city is preparing to summarize Resolution No. 16 of the Politburo in 2012 on directions and tasks to develop Ho Chi Minh City until 2020, and Resolution 54 in 2017 of the National Assembly on the testing of special mechanisms and policy. development enemy of Ho Chi Minh City. However, Ho Chi Minh City will no longer apply for mechanisms and policies according to the “specific” concept, but will propose to the central government to choose Ho Chi Minh City as a place to test new mechanisms and policies. However, to achieve good results, the city must have the spirit of dynamism, creativity, dare to think, dare to act, dare to take responsibility, seize all opportunities and overcome challenges.

    – Thank you sir!

    Source: CafeF



    Source: Vietnam Insider

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