Illustrative image (Photo: VNA) HCM City (VNA) - Exports by Ho Chi Minh City companies in the first eightmonths of the year reached 28.4 billion USD, a 4 percent increase year-on-year,according to the municipal Department of Industry and Trade.
Industrialproducts accounted for 19.93 billion USD and agro-forestry-fishery exports formore than 3 billion USD. Imports fell by 2.8 percent to 32.07 billionUSD.
The biggestexport market was China, which accounted for 6.84 billion USD or 26.2 percent oftotal shipments. The US followed with 4.45 billion USD.
The city’sindex of industrial production in the first eight months grew by 8.55 percentmonth-on-month.
Nguyen PhuongDong, deputy director of the department, said the city has managed to sustaineconomic growth this year despite the COVID-19 pandemic thanks to the effortsmade by the Government to control it. He said more measures would be taken toboost the economy during the rest of this year.
According toa survey by the city Department of Statistics, half of the enterprisesaffected by the pandemic thought the consumer market has shrunk, and 15.3 percentsaid manufactured goods could not be sold domestically.
More thanhalf of State-owned enterprises and 48.45 percent of foreign-ownedenterprises said they have been unable to export this year.
Thedepartment is working with the Statistics Office and other agencies to monitorthe production and demand situation to take measures to support businessesduring the rest of the year, Dong said.
The priorityis to help companies pay salaries to their workers so that they could maintainthe workforce, he said.
TheDepartments of Planning and Investment, and Industry and Trade and authoritiesin all 24 districts would keep track of cancelled orders, the number ofbusinesses closing down and the number of workers losing jobs,he added.
It isimportant to ensure enterprises resume production as soon as possible,encourage domestic production to replace imports and expand domestic valuechains, he added./.
Industrialproducts accounted for 19.93 billion USD and agro-forestry-fishery exports formore than 3 billion USD. Imports fell by 2.8 percent to 32.07 billionUSD.
The biggestexport market was China, which accounted for 6.84 billion USD or 26.2 percent oftotal shipments. The US followed with 4.45 billion USD.
The city’sindex of industrial production in the first eight months grew by 8.55 percentmonth-on-month.
Nguyen PhuongDong, deputy director of the department, said the city has managed to sustaineconomic growth this year despite the COVID-19 pandemic thanks to the effortsmade by the Government to control it. He said more measures would be taken toboost the economy during the rest of this year.
According toa survey by the city Department of Statistics, half of the enterprisesaffected by the pandemic thought the consumer market has shrunk, and 15.3 percentsaid manufactured goods could not be sold domestically.
More thanhalf of State-owned enterprises and 48.45 percent of foreign-ownedenterprises said they have been unable to export this year.
Thedepartment is working with the Statistics Office and other agencies to monitorthe production and demand situation to take measures to support businessesduring the rest of the year, Dong said.
The priorityis to help companies pay salaries to their workers so that they could maintainthe workforce, he said.
TheDepartments of Planning and Investment, and Industry and Trade and authoritiesin all 24 districts would keep track of cancelled orders, the number ofbusinesses closing down and the number of workers losing jobs,he added.
It isimportant to ensure enterprises resume production as soon as possible,encourage domestic production to replace imports and expand domestic valuechains, he added./.
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