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HCMC’S FOREIGN TRADE EXCEEDS US$100 BILLION IN JAN-NOV
HCMC’s foreign trade in the year to November had totaled US$101.6 billion, according to the General Department of Vietnam Customs. The gross regional domestic product of HCMC is expected to grow 9.03% over 2021, way above the target ranging between 6% to 6.5%.
The city’s trade performance has significantly outpaced that of other provinces and cities, with a total of US$23 billion more than the second-ranked Bac Ninh Province and US$47 billion more than the third-ranked Binh Duong Province.
Between January and November, the city’s total foreign trade hit US$673.7 billion nationwide, rising by 11.8% year-on-year.
During the period, many cities and provinces saw positive results, namely Thai Nguyen, Phu Tho, Haiphong, Bac Giang, Vinh Phuc, Dong Nai, Tay Ninh and Long An, among others.
Given the growth rate of US$61 billion per month, Vietnam is going to reach a record high of US$700 billion in trade in mid-December, according to the department.
Source: The Saigon Times
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