HCMC targets 10% growth in retail sales, export revenue

HCM CITY – The industry and trade sector in HCM City is targeting a growth rate of 8-8.5 per cent in the industrial production index (IPI) and 10 per cent growth in the total retail sales of goods and services for 2018, according to the HCM City Department of Industry and Trade.  The sector will also strive to obtain 10 per cent growth in total export revenue via the city’s ports in 2018. Speaking at a meeting to review the department’s performance and set tasks for next year, Nguyễn Tiến Dũng, head of the department’s finance bureau, said the industry and trade fields had outstanding growth rates this year with a 7.9 per cent increase of growth rate in the IIP, 11.32 per cent growth in the total retail sales of goods and services and 10.8 per cent growth in export turnover. The industry and trade fields gained added value of over VNĐ355.6 trillion ($15.6 billion), accounting for 33.5 per cent of the city’s Gross Regional Domestic Product (GRDP), he said. Industrial production developed in a stable manner both in the short and long-term, he said, adding that modern trade infrastructure, with an increase of 18 supermarkets, three commerce centres and 218 convenience stores, together with online retail, contributed to boosting total retail sales in the city. The department has implemented measures to help untie difficulties faced by businesses in the city and organised programmes to help businesses expand their market share in domestic and export markets. For 2018, the…

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