Vice Secretary of the municipal Party Committee and Chairwoman of the People’s Council Nguyen Thi Le said the session takes place after HCM City and the country as a whole successfully contained the COVID-19.

To perform the dual tasks of fighting the coronavirus and recovering socio-economic activities, the city has introduced mechanisms and policies to support businesses and individuals to overcome pandemic-induced hardships and resume socio-economic development activities.

However, she acknowledged, COVID-19 has had a substantial impact on sectors such as tourism, industry, services, and exports, while transport infrastructure development and State budget collection and spending have encountered difficulties.

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Vice Secretary of the municipal Party Committee and Chairwoman of the People’s Council Nguyen Thi Le speaking at the event

The council will look into local socio-economic development in the first half of 2020 during the meeting and identify major tasks and solutions for the remaining months, so as to fulfil targets for this year and the 2016-2020 period, in addition to several other issues, Le noted.

Vice Chairman of the municipal People’s Committee Le Thanh Liem reported that it collected over VND 163.2 trillion (USD 7 billion) for the State budget in the first half of this year, or 40.21 percent of the yearly target. Its regional gross domestic product rose some 2 percent year-on-year, compared to 7.86 percent in the same period last year.

Meanwhile, more than VND 17.96 trillion in public investment capital was disbursed, equivalent to 43.08 percent of the annual plan. Export revenue was estimated at USD 20.7 billion, up 5.8 percent year-on-year but lower than the 9.2 percent increase posted in the first half of 2019, he added.

Source: VNA