Ho Chi Minh City posted continuous economic development in the first ten months of this year, particularly in industry, trade, and services, ensuring goods supply and stabilizing the market, according to the municipal Department of Planning and Investment.

During the ten-month period, the city’s Index of Industrial Production (IIP) rose 3.7 per cent over the same period last year.

Total retail sales of goods and services, meanwhile, increased 9.2 per cent year-on-year, reaching over VND978.68 trillion ($40.77 billion).

The total number of new FDI projects granted investment licenses during the period surged 43 per cent year-on-year with total registered investment capital up 8.1 per cent.

The city welcomed over 4.12 million foreign tourists and 30.51 million domestic visitors in the first ten months, up 55.3 per cent and 22.6 per cent, respectively, year-on-year. Total tourism revenue stood at more than VND140.048 trillion ($5.83 billion), a year-on-year rise of 32.6 per cent.