HCMC's budget collection reaches VND 31trln in January

Chairman of Ho Chi Minh City People's Committee Nguyen Thanh Phong; Le Van Khoa, deputy chairman and representatives from departments, agencies in the city visited Saigon Co.op and Saigon Trading Group (Satra) yesterday.

Chairman Phong appreciated highly Saigon Co.op's efforts in ensuring social security and being good in stabilization program, linking between production and consumption to diversify the goods to domestic market.

The Chairman said in January 2016 alone, the city's indexes reached its target and the city's budget collection valued VND 31,000 billion.

He mentioned that Saigon Co.op should become more active and creative in seeking potential partners to develop goods, meeting the city people's demand.

Mr. Nguyen Diep Dung, Chairmam of Saigon Co.op said during Tet holidays, Saigon Co.op's revenue was over VND 4,000 billion, an increase of 16.5 percent compared to last year, meeting the highest revenue in the recent three years.

Mr. Le Tung, Chairman of Satra said in 2015 Satra's revenue was VND 48,000 billion. On this occasion, Chairman Phong said the city approved Satra's adjustment plan in investment capital.

Accordingly, Satra can add its chartered capital up to VND 8,600 billion, bringing Satra to be the leading economic group in the country, hoping that Satra's brandname will have a better competitive ability in the country and region.

Thuy Hai -Translated by Thanh Tran

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