Ho Chi Minh City is to continue playing its role as an engine ofVietnam’s growth and a nucleus of development in every aspect in thesouthern key economic zone, experts agreed at a March 6 workshop in thecity.
At the event, which was held to scrutinize ablueprint on the city’s economic restructuring for 2013-2020, DeputyDirector of the HCM City Institute for Development Studies Tran Anh Tuansaid the economic restructuring scheme has improved the quality ofeconomic growth based on the effective use of resources, especiallycapital, labour and land.
The scheme is alignedwith a national economic restructuring project that targets publicinvestment, credit organisations, and State-owned enterprises.
To Duy Lam, Director of the State Bank’s Ho Chi Minh City branch,described the restructuring of credit organisations as a cornerstone anddriving force that has brought about improved financial capability andrisk management, ensuring the stable growth of the banking sector andmonetary market in particular.
Within the city’sindustry and trade sector, restructuring should be focused onstimulating production in tandem with fostering innovations and humanresources, particularly in mechanical manufacturing, electronics,information technology, chemicals, pharmaceuticals, rubber, and foodprocessing, experts suggested.
They also recommendeddeveloping support industry, raise the rate of local contents inproducts, and join the global supply chain.
According to the Department of Industry and Trade, the technology,processing and manufacturing sectors account for 68.26 percent of thecity’s exports.
About shifting the structure oftourism sector, a representative from the municipal Department ofTourism talked about plans to promote competitive tourist products andboost marketing in major markets, domestically and globally.
Throughout 2015, the sector is continuing building up the HCM Citytourism brand while working for the targets of a 8-10 percent yearlyincrease in foreign arrivals and a 15-20 percent rise in domesticvisitors.
Participants also discussed policiesimpacting the city’s economic restructuring in services, industry,agriculture, and land, among others.-VNA
At the event, which was held to scrutinize ablueprint on the city’s economic restructuring for 2013-2020, DeputyDirector of the HCM City Institute for Development Studies Tran Anh Tuansaid the economic restructuring scheme has improved the quality ofeconomic growth based on the effective use of resources, especiallycapital, labour and land.
The scheme is alignedwith a national economic restructuring project that targets publicinvestment, credit organisations, and State-owned enterprises.
To Duy Lam, Director of the State Bank’s Ho Chi Minh City branch,described the restructuring of credit organisations as a cornerstone anddriving force that has brought about improved financial capability andrisk management, ensuring the stable growth of the banking sector andmonetary market in particular.
Within the city’sindustry and trade sector, restructuring should be focused onstimulating production in tandem with fostering innovations and humanresources, particularly in mechanical manufacturing, electronics,information technology, chemicals, pharmaceuticals, rubber, and foodprocessing, experts suggested.
They also recommendeddeveloping support industry, raise the rate of local contents inproducts, and join the global supply chain.
According to the Department of Industry and Trade, the technology,processing and manufacturing sectors account for 68.26 percent of thecity’s exports.
About shifting the structure oftourism sector, a representative from the municipal Department ofTourism talked about plans to promote competitive tourist products andboost marketing in major markets, domestically and globally.
Throughout 2015, the sector is continuing building up the HCM Citytourism brand while working for the targets of a 8-10 percent yearlyincrease in foreign arrivals and a 15-20 percent rise in domesticvisitors.
Participants also discussed policiesimpacting the city’s economic restructuring in services, industry,agriculture, and land, among others.-VNA
