Real estate business in Ho Chi Minh City decreased by 5.82% in the first 6 months of the year

DNHN - During the first half of the year, the only industry in Ho Chi Minh City declined, namely the real estate business, which declined by 5.82%. Three out of nine industries grew by less than 6%, including wholesale and retail, which increased by 3.10%; accommodation and food services, which increased by 2.08%; and education and training, which increased by 4.99%.

The People's Committee of Ho Chi Minh City's report on the socioeconomic situation in the first 6 months of 2022 estimates the gross domestic product (GDP) to be 728,706 billion VND, an increase of 3.82% over the same period. Thus, after a steep decrease in the third and fourth quarters of 2021, Ho Chi Minh City's GRDP has recovered by 3.82% in the first half of the year, resuming growth in a V-shape and being stable thus far.

In which, there are 5/9 service industries with a growth rate of over 6% over the same period, including: Transportation, warehousing increased by 7.51%; information and communication industry increased by 8.18%; the finance and banking sector increased by 9.91%; professional activities, science and technology increased by 6.46% and the health sector increased by 6.85% over the same period.