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

Monday, 2020-04-06 11:00:31
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Ho Chi Minh City’s GRDP has been estimated at US$14.26 billion in the first quarter of 2020. (Photo: VNA)
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NDO/VNA – Ho Chi Minh City’s gross regional domestic product (GRDP) has been estimated at VND335.6 trillion (US$14.26 billion) in the first quarter of 2020, up 0.42% year-on-year.

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%).