HCMC's GDP Exceeds VND58 Trillion in Quarter 1

摘要

The Ho Chi Minh City Statistics Office said the city's GDP grew by only 4 per cent year on year in the first quarter of the year to reach VND58,473 billion, hitting a decade's low, as all economic sectors have been affected by the global economic downturn.rnAccording to the statistics office, the economic slowdown clearly affected all economic sectors in general and the industrial sector in particular. Many small-sized businesses in the city have stopped operating and a large number of companies involved in making products for export have scaled down their production.