Bui Ta Hoang Vu, director of the HCM City Department of Industry and Trade HCM City's industrial production grew by 3.8 per cent year-on-year in the first three months of the year, and retail sales went up by 12 per cent. It suggests the COVID-19 pandemic has been well controlled and enterprises feel secure about doing business again, according to the city Department of Industry and Trade. Its director, Bui Ta Hoang Vu, speaks to Viet Nam News about the manufacturing situation in the first quarter and measures needed in the second to sustain it. How was the retail sector's performance in the first quarter of the year and what will the department do to stimulate consumption and boost the sector's growth during the rest of the year? Total retail sales and services in HCM City in the first quarter of the year were estimated at VND279.04 trillion (US$12.1 billion), an increase of 6.2 per cent over the same period last year. Of this, retail sales were worth VND156.5 trillion ($6.79 billion), a year-on-year increase of 12 per cent. We enjoyed some growth in Q1. To maintain the momentum we have to do a lot of work to promote trade… Read full this story
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