Textiles contributed USD 5.6 billion in exports. Footwear and machinery, equipment, tools and spare parts also recorded export value of 2.6 billion USD and 2.1 billion USD respectively.
According to the Ho Chi Minh City Statistics Department, the total export turnover of the city in 2019 is estimated at 39.7 billion USD, up 17.3% over the previous year. In which, China is the largest export market with a turnover of 8.3 billion USD, up 25% compared to 2018, accounting for 21% of the export proportion.
The total import turnover of goods in Ho Chi Minh City was estimated at 44.1 billion USD, up 10.9% over the same period. Therefore, the balance of trade in goods in 2019 of Ho Chi Minh City continued to have a trade deficit of 4.4 billion USD.
In general, the socio-economic situation in 2019, Ho Chi Minh City recorded the growth of the total local product (GRDP) estimated at 7.86%. In which, the service sector had the growth rate of 8.51%, the highest in 8 recent years. GRDP scale at current prices reaches 1.34 million VND.
In which, the economic structure has clearly shifted with the service sector accounting for 61.2%, industry and construction 25.4%, agriculture, forestry and fishery accounting for 0.7%.
Total retail sales of consumer goods and services in 2019 in the province were estimated at 1.16 million billion VND, up 12.3% over the same period in 2018.
The number of registered capital to establish new businesses has increased by 30% from the beginning of the year to December 15, 2019. The whole city has 43,027 newly established enterprises with a total capital of 680,198 billion dong.
