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Its chairman, Phan Van Mai, said at a National Assembly session Monday: "This shows the great effort made by the city. It brings great joy."
The services sector is set to lead growth with 7.6%, while industry and construction are expected to grow at 4.77%.
Mai said retail and services grew at a considerable pace in May, and both the city and businesses have been offering discounts to promote tourism.
Retail and services revenues were up 10% year-on-year.
The Index of Industrial Production is estimated to have risen by 5.5% year-on-year in May.
Public spending increased by 24% year-on-year in the first five months to VND10.2 trillion (US$434 million).
