Jul. 30 – Foreign investment in Vietnam’s financial capital was up by 14.8 percent to US$1.19 billion during the first seven months of the year.
Ho Chi Minh City’s economy seems to have recovered with retail sales of goods and service posting high returns at VND205 trillion, an increase of 32.1 percent from the previous year.
Tourism also seems to be doing well. The city has so far received more than 1.6 million tourists, a growth of 24.3 percent. Industrial production increased by 13.6 percent and budget revenue by 23.3 percent.
While speaking at a conference on Monday, the Chairman of the Municipal People’s Committee Le Hoang Quan said the city is aiming for a minimum GDP growth rate of 11.5 percent for 2010.
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Vietnam Briefing is one of five regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Hanoi, Ho Chi Minh City, and Da Nang in Vietnam. Dezan Shira & Associates also maintains offices or has alliance partners assisting foreign investors in China, Hong Kong SAR, Indonesia, Singapore, Malaysia, Mongolia, Dubai (UAE), Japan, South Korea, Nepal, The Philippines, Sri Lanka, Thailand, Italy, Germany, Bangladesh, Australia, United States, and United Kingdom and Ireland.
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