HCM City’s GRDP estimated at US$14.26 billion in Q1

According to the municipal Department of Statistics, the agro-forestry-fisheries sector posted a growth rate of 4.06%, and the industrial and construction sector, 3.13%. On the other side, trade and services fell by 1.23%.

Due to the serious impact of the COVID-19 pandemic, growth rates across all regions and economic sectors were lower than the same period last year, with the trade and services sector most affected.

Five of the nine main industries recorded negative growth, including real estate (12.85%), education and training (26.57%), and accommodation and catering services (31.69%).