HCM City’s enterprises expect to keep pace with growth momentum
With flourishing economic results in the first six months of this year, many enterprises in Ho Chi Minh City expect to keep pace with the growth momentum to accelerate their production and business activities in the coming months.
According to the municipal Statistics Office, in the period, total retail sales of goods rose by 9.7 per cent year-on-year, and revenue from accommodation and food services increased by 36.2 per cent.
In particular, the number of foreign tourists to the city tripled over the same period, contributing to the boost in domestic demand and economic growth.
|HCM City’s enterprises keep pace with growth momentum.|
The index of industrial production (IIP) in June rose by 2.3 per cent month-on-month, and 4.8 per cent against that of the same month of last year. In the January-June period, the IIP increased by 1.9 per cent year-on-year.
A survey on business trends of manufacturing and processing enterprises in Ho Chi Minh City also showed an improvement in production and business activities in the second quarter of 2023 compared to the previous one. Specifically, 19.3 per cent of the enterprises rated their production and business situation as better; 34.1 per cent held steady, and 46.6 per cent more difficult.
State-owned enterprises were the most optimistic with 66.7 per cent of the respondents saying that their operations were better and kept stable. Meanwhile, the rates in foreign-invested and non-state enterprises are 56.2 per cent and 50.3 per cent, respectively.
For the third quarter, 26.4 per cent of the respondents predicted that their production and business will be better, 35.1 per cent stable, and 38.5 per cent more difficult.