In the second quarter of 2023, economic indicators at the "top" of Ho Chi Minh City have significantly improved compared to the first quarter of the year.

The Ho Chi Minh City Statistics Office has just reported on the socio-economic situation in June and the first 6 months of 2023 in the area.

 Accordingly, although the city's economy is still facing many difficulties due to the decrease in import-export and real estate business, affecting budget revenue (down 6.8%), many other activities have changed positively. .

hoá 6 tháng đầu năm 2023 tăng 9,7% so với cùng kỳ. Doanh thu dịch vụ lưu trú và ăn uống tăng 36,2%. Đặc biệt chi ngân sách tăng mạnh 70,9%, trong đó, chi đầu tư phát triển tăng 90,4%, nhiều dự án được khởi công.Specifically, retail sales of goods in the first 6 months of 2023 increased by 9.7% over the same period. Revenue from accommodation and food services increased by 36.2%. Especially, budget expenditure increased strongly by 70.9%, of which investment and development expenditure increased by 90.4%, many projects were started.

 Along with that, the number of international tourists to Ho Chi Minh City increased 3 times over the same period, contributing to boosting domestic demand and economic growth.

In general, the city's gross domestic product (GRDP) in the second quarter of 2023 increased by 5.87% (more than 8 times higher than in the first quarter, 0.7 percent in the first quarter). Estimated GRDP in the first 6 months of 2023 increased by 3.55% over the same period. This is seen as a great effort of the city.

The Ho Chi Minh City Statistics Office said that the index of industrial production (IIP) in June 2023 was estimated to increase by 2.3% over the previous month and by 4.8% over the same period. Generally in the first 6 months of 2023, the IIP index in HCMC increased by 1.9% over the same period.

In June alone, the total retail sales of consumer goods and services was estimated at 102,314 billion VND, up 2.9% over the previous month and up 11.2% over the same period. Thus, the total retail sales of consumer goods and services in the first 6 months of 2023 is estimated at 561,734 billion VND, up 7.1% over the same period.

At the meeting with voters in District 4 on the morning of June 28, Chairman of Ho Chi Minh City People's Committee Phan Van Mai said that the city's economic situation had positive changes in the second quarter and will be better in the third quarter. Therefore, voters and people should not panic in the current context to overcome difficulties and promote development together with the city.

However, Mr. Mai also acknowledged the fact that in the first months of the year, the city had to face the situation of "internal and external attacks". Ho Chi Minh City's economy is almost completely open, so it is easily affected by the fluctuations of the world.

While localities are just beginning to be influenced by the world economy, cities have been affected before. Orders of businesses in the area decreased by an average of 30-50%, especially some businesses and fields decreased by 70%.