The economy of Ho Chi Minh City is gradually recovering, but the number of decommissioned enterprises is still increasing due to the influence of Covid-19

In the first 8 months of 2020, the economic indicators are increasing again and are recovering but the number of newly established enterprises decreases, while the number of businesses that are shut down or dissolved still tends to increase due to the impact of the Covid epidemic. -19. HCMC economy

According to a report by the Ho Chi Minh City Department of Planning and Investment, the index of industrial production (IIP) in August is estimated to increase 8% from the previous month, of which the manufacturing increased by 4,0 , 4,6%; electricity production and distribution rose 2,8%; water supply and waste treatment rose 2,1%.

The city's economy is tending to gradually recover, but the number of businesses that have stopped operating is still increasing

Assessing the economic situation of the city in the past 8 months, Ho Chi Minh City President Nguyen Thanh Phong said that although affected by the outbreak of the Covid-19 epidemic, the city's economy in general tended to recover. gradually increasing in the fourth quarter of 4. The recovery was shown through the growth indexes of four key industries; exports. The indicators (calculated for the 2020 months of 4) are as follows:

  • IIP increased 2,1% over the same period (same period increased 7,1%). For 4 key industries, the growth rate was 2,5% over the same period (an increase of 6,4% in the same period).
  • Regarding the export turnover of the city, for the whole 8 months, it reached 28,4 billion USD, up 4% over the same period (up 8,9% in the same period).

Although the economic indicators are increasing again and are recovering, the number of newly established enterprises has decreased, while businesses stopped operating or dissolved, still tended to increase due to the impact of the Covid-19 epidemic.

According to the statistics of the Department of Planning and Investment of Ho Chi Minh City, in the eight months of 8, Ho Chi Minh City has 2020 newly established enterprises, with a total registered capital of 26.543 billion dong, a decrease of 562.199 the number of enterprises but 6,75% increase in registered capital over the same period last year.

From the beginning of the year to August, Ho Chi Minh City had 8 businesses stopped operating at the Tax Department of Ho Chi Minh City, up 21.266% over the same period; the number of enterprises completing dissolution procedures was 5,35, up 3.566% over the same period; while the number of businesses temporarily shutting down was 12,31, up 10.382% over the same period.

 

"Disbursement of public investment" is the biggest bright spot in the economic picture of Ho Chi Minh City in August 8

According to the data announced by the Ho Chi Minh City Department of Planning and Investment, the total disbursed public investment capital as of August 23, 8, confirmed by the city state treasury is 2020 billion VND, reaching 21.279%. in the total capital plan assigned by the city is 50,5 billion dong.

The President of Ho Chi Minh City said that in the context of the Covid-19 translation, the complicated development of the disbursement of the public investment capital plan was a bright spot in the economic picture of the city when the disbursed capital was 2,35 times larger than the the same period, disbursement rate also increased more than 1,89 times over the same period. Due to the impact of the Covid-19 epidemic, accelerating public investment will promote the economic development of the city.

Along with accelerating the disbursement of public investment, the President of Ho Chi Minh City requested a number of departments and branches of the city to prepare inauguration many projects invested with budget capital such as An Suong tunnel; An Phu Dong steel bridge; new East bus station; Grassroots Oncology Hospital 2 ... At the same time, preparing to start a number of projects such as dredging Soai Rap channel, commencing the Center for Creative Startups in Ho Chi Minh City.

To continue accelerating the disbursement of public investment capital, Ms. Le Thi Huynh Mai, Director of the Department of Planning and Investment of Ho Chi Minh City, said that the Department will soon submit a draft plan to transfer capital from low-disbursement projects to projects. banking high. Next week, there will be an action program to accelerate the disbursement of public investment from now to the end of the year to reach 95%.

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