AsemconnectVietnam - According to the report at the meeting on the socio-economic situation in September showed that, industrial production in Ho Chi Minh City increased by 11.2% over the same period.

Mr. Phan Van Mai, the chairman of Ho Chi Minh City People's Committee said that the city has maintained its growth rate but has not made any breakthroughs. In this result, public investment disbursement is still low, reaching only 20% of the annual plan.
He suggested that the meeting should focus on discussing and identifying key solutions that need to be implemented, breakthrough solutions for socio-economic development in the fourth quarter of 2024 and the following year.
According to forecasts, the city's growth is only over 7%, so in 2024 the growth index increases by 7.5%, the city must achieve growth of 9% in the fourth quarter. Therefore, Ho Chi Minh City needs to find key, breakthrough solutions to achieve the above goals.
According to the report at the Conference, the industrial production situation in the city continued to recover and maintain positive growth momentum. In September of 2024, the index of industrial production (IIP) was estimated to increase by 3.4% compared to the previous month and by 11.2% over the same period last year. This is the highest increase in the third quarter of 2024.
Specifically, in September of this year, mining increased by 2.7% compared to the previous month and by 38.6% over the same period; processing and manufacturing industry increased by 3.6% compared to the previous month and by 11.3% over the same period; electricity production and distribution decreased by 2.4% compared to the previous month and increased by 5.1% over the same period; water supply and waste treatment increased by 1.6% compared to the previous month and by 3.0% over the same period.
In the first 9 months of 2024, the IIP in the area increased by 6.9% over the same period. In the period, the mining industry increased by 46.5%; the processing and manufacturing industry increased by 6.7%; electricity production and distribution increased by 7.2%; water supply and waste treatment increased by 1.4%.
Regarding investment and construction, Ho Chi Minh City is currently focusing on removing difficulties and obstacles, unblocking resources and speeding up the compensation and site clearance progress of projects. Promoting the disbursement of public investment capital is the city's key task in the last months of 2024. In the first 9 months of 2024, the total investment capital implemented in the whole society in the area was estimated to increase by 6.7% over the same period last year.
The total state budget revenue in the city in the first 9 months of 2024 was estimated to increase by 14.3% over the same period last year. In which, revenue from all economic sectors increased quite well, contributing to a 22.2% increase in domestic revenue and especially revenue from export and import increased by 1.2%. The local budget balance expenditure increased by 22.2%, and the regular expenditure increased by 14.1% over the same period last year.
The total state budget balance revenue in the first 9 months of 2024 was estimated to be 371,307 billion VND, reaching 76.9% of the estimate and increasing by 14.3% over the same period last year.
The total local budget expenditure (excluding advances) in the first 9 months of 2024 was estimated at VND 56,254 billion, reaching 37.5% of the estimate and down by 0.5% over the same period last year. The total local budget balance expenditure (excluding advances) was estimated at VND 55,047 billion, reaching 37.7% of the estimate and up by 22.2% over the same period last year. The total mobilized capital of credit institutions in the area was estimated to reach VND 3,717.5 trillion as of September 30, 2024, up by 0.7% over the previous month and up by 10.3% over the same period last year. Of which, mobilized capital in VND was estimated at VND 3,380 trillion, accounting for 90.9% of total mobilized capital, up by 0.7% over the previous month and up by 8.8% over the same period last year. The mobilized capital in foreign currency was estimated at VND 337.5 trillion, accounting for 9.1% of total mobilized capital, up by 0.7% compared to the previous month and up by 28.7% over the same period last year.
The trade and service activities in the area continued to grow steadily, although accommodation and travel revenue decreased due to unfavorable weather, the total retail sales of goods and consumer revenue in September of 2024 were estimated to increase by 4.8% compared to the previous month, up by 13.5% over the same period last year and the figures of the first 9 months of 2024 was up by 10.5%.
Regarding passenger and cargo transport, transport revenue in the first 9 months of 2024 increased by 36.9% over the same period last year. In the third quarter alone, it increased by 41.5% over the same period last year. Of which, passenger transport decreased by 13.7%, cargo transport increased by 11.9%.
In addition, the consumer price index (CPI), entering September, the tuition fee for the new school year 2024 - 2025 was adjusted, the price of food services outside the home increased, which was one of the reasons for the consumer price index to increase by 0.45% compared to the previous month and increase by 2.71% compared to the same period. Of which, 8/11 groups of goods had price indexes increasing compared to the previous month, the highest increase was the education group (+4.85%), the remaining groups all decreased, the largest decrease was the transportation group (-3.03%).
The average CPI in the third quarter of 2024 increased by 2.99% compared to the same period and the average of 9 months increased by 3.17%.
CK
Source: VITIC/congthuong.vn