In the past 6 months, the gross domestic product (GRDP) in the area is estimated at more than 728,000 billion VND, an increase of more than 3.8% compared to the same period last year. The city's economy from a deep decline, GRDP in the third and fourth quarters of 2021 is nearly -25% and -11.64%, respectively, the first 6 months of this year have increased by 3.82%, the second quarter of 2022 is estimated to increase by 5 ,seventy three%. The growth rate of industry - construction increased by 2.23% over the same period.

Total retail sales of consumer goods and services in 6 months was estimated at more than VND 556,000 billion, up 6.2% over the same period. The city's merchandise exports are estimated at nearly 25 billion USD, up 13.8% over the same period. The city attracted foreign capital (FDI) with 2.18 billion USD, an increase of more than 60% over the same period.

Many textile and garment enterprises in Ho Chi Minh City are preparing raw materials to meet many orders that have increased rapidly after the epidemic.jpg

According to the city's leaders, this result shows that the economic recovery process is on the right track, the policies to support businesses promote positive effects, socio-economic activities recover quickly and synchronously.

Although economic growth is positive, there are still many limitations. The sharp increase in the fuel market affects economic recovery and meets consumer demand. Disbursement rate of public investment plan in 2022 has not been as expected. Ho Chi Minh City's administrative procedure reform index in 2021 is still low, and some indexes have dropped in rank. The ability to absorb capital in many fields has not yet reached the required plan, partly due to obstacles and obstacles in terms of institutions and policies.

Chairman of the People's Committee of Ho Chi Minh City Phan Van Mai spoke at the Conference to summarize the socio-economic situation of Ho Chi Minh City in the first 6 months of 2022.

Mr. Phan Van Mai, Chairman of the People's Committee of Ho Chi Minh City said: "The bottleneck in handling administrative procedures affects the absorption of investment capital and even the disbursement of public investment capital and the absorption of social capital because of obstacles. faced with many procedures, many projects could not "run".In the last 6 months of the year, each branch, each district, Thu Duc city, and wards and communes must focus on solving these problems for the work of the government system. Cities, businesses and people "run"./.

Le Hang/VOV-TP.HCM