HCM City hopes to double its average income by 2020 and triple it by2025, according to a master plan approved by the People’s Council onMay 13.
Form 3,600 USD last year it is expected to go up to 8,430-8,822 USD by the end of the decade and to around 14,000 USD by 2025.
However, the 2025 target of 13,900 USD would only be marginally higher than the 2010 figures for Jakarta and Bangkok.
Thesefigures were released in a report by Nguyen Van Dong, head of the cityPeople’s Council’s Economy and Budgets Department, at the 9 th meetingof the People’s Council on May 13.
The Council approved the income growth target of 10-10.5 percent for the 2011-2015 period set in the master plan.
“These growth rates are reasonable,” he said.
TheCouncil urged the municipal People’s Committee to give priority toimproving the administrative work, and called for measures to strengthensocial welfare, saying a master plan for development “must aim toimprove living standards”
The committee should tweak the housingpolicy, giving priority to re-settlement projects, relocating peopleliving along rivers and canals, renovating run-down tenements, andproviding housing for the poor.-VNA
Form 3,600 USD last year it is expected to go up to 8,430-8,822 USD by the end of the decade and to around 14,000 USD by 2025.
However, the 2025 target of 13,900 USD would only be marginally higher than the 2010 figures for Jakarta and Bangkok.
Thesefigures were released in a report by Nguyen Van Dong, head of the cityPeople’s Council’s Economy and Budgets Department, at the 9 th meetingof the People’s Council on May 13.
The Council approved the income growth target of 10-10.5 percent for the 2011-2015 period set in the master plan.
“These growth rates are reasonable,” he said.
TheCouncil urged the municipal People’s Committee to give priority toimproving the administrative work, and called for measures to strengthensocial welfare, saying a master plan for development “must aim toimprove living standards”
The committee should tweak the housingpolicy, giving priority to re-settlement projects, relocating peopleliving along rivers and canals, renovating run-down tenements, andproviding housing for the poor.-VNA
