HCMC’s growth exceeding plans

Ho Chi Minh City’s economy continued to recover strongly in the first nine months of 2022, with its gross regional domestic product (GRDP) increasing by 9.44 per cent year-on-year and exceeding the plan. Its Index of Industrial Production (IIP), meanwhile, increased 19.6 per cent, total retail sales of goods and sales from consumer services rose 25.9 per cent, and budget revenue was 27.7 per cent higher. The city expects to have 15 out of 19 targets met and plans exceeded this year.