Speaking at a meeting on November 3 to review the socio-economic performance in the first 10 months, Nguyen Thanh Phong, said the city “has achieved remarkable results despite the difficulties caused by the pandemic.”
It would continue to focus on both containing the pandemic and reviving the economy, according to Phong.
“The top priority will be to help businesses maintain production and avoid bankruptcy, and prevent workers from losing their jobs.”
The city would also help the business community speed up digital transformation to enable them to further penetrate global markets, he promised.
More than 33,400 new enterprises with total registered capital of more than 769.55 trillion VND (33.2 billion USD) have been licensed in the first 10 months and more than 7,100 businesses have resumed operations, he said.
Pham Thi Hong Ha, Director of the Department of Finance, said the city’s revenues topped 290.7 trillion VND in the first 10 months, or 71.6 percent of the full-year target of 406 trillion VND.
It now aims to reach more than 344 trillion VND or 85 percent of the target, she said.
Tourism and transportation have been the sectors most affected by the pandemic, according to Phong.
The number of international visitors to the city was only 1.3 million in the first 10 months, down 81.3 percent from the same period last year.
Revenues from tourism were 66.144 trillion VND in the first 10 months, down 45.4 percent year-on-year.
The number of passengers using rail is estimated at 786,192 in the first 10 months, down 54 percent year-on-year.
The number of passengers using Tan Son Nhat International Airport was 16.12 million in the period, down 52.65 percent year-on-year.
Phong has recommended that the tourism industry seek ways to stimulate domestic tourism demand since foreign tourists could not come.
“For instance, if a five-star hotel used to cost 400 USD per night, it should be lowered to 100 USD or even 70-80 USD.”
Le Thi Huynh Mai, director of the Department of Planning and Investment, said retail sales of increased by 9.9 percent and exports by 5.5 percent.
The output of high-tech products was estimated at more than 16.2 billion USD, up 19.82 percent.
Two key segments in the industrial production index that saw an increase were electronics and chemical-rubber-plastic.
The value of agriculture - forestry - fishery was estimated at 10.465 trillion VND, up 2.62 percent year on year.
The city’s public spending was 23.78 trillion VND as of the end of October, or 56.4 percent of the money allocated by the government.
