HCM City eyes 9,800 USD per capita income by 2020

Ho Chi Minh City’s leaders and newly-elected lawmakers began a three-day session of the People’s Council on August 3 to discuss socio-economic targets.
HCM City eyes 9,800 USD per capita income by 2020 ảnh 1A corner in Ho Chi Minh City (Photo: VNA)

HCM City  (VNA) – Ho Chi Minh City’s leaders and newly-elected lawmakers began a three-day session of the People’s Council on August 3 to discuss socio-economic targets amid many complaints about extended flooding, traffic jams and pollution.

The country’s biggest city has set itself a per capita income target of 9,800 USD by 2020, Le Thanh Liem, Deputy Chairman of the People’s Committee, announced along with other targets.

Currently the annual per capita GRDP is over 5,000 USD.

The city targets average annual growth of 8-8.5 percent, with the services sector contributing roughly 60 percent of its GRDP by 2020.

The city hopes to create 625,000 jobs over the next five years, bringing down the unemployment rate to below 4.5 percent by 2020.

It also plans to ensure 85 percent of the workforce is trained.

Every household would get safe water by 2020, Liem said, adding that the healthcare sector would be improved to ensure there are 20 doctors per 10,000 population, the standard set by the Ministry of Health.

The Chairwoman of the People’s Council, Nguyen Thi Quyet Tam, urged deputies to raise pressing issues with officials to ensure better development and improve living conditions.

Environmental pollution, food safety, flooding, and traffic congestion, which remain the top public concern, will be discussed during the meeting.

Tam said despite all its important achievements, in many areas the city has fallen short of targets and the expectations of the People’s Council.

Lingering issues related to urban management, land management, and administration in some sectors have not been fully resolved, she said.

Some pressing issues raised by the public have not been addressed either, she said, adding that the city faces the threat of slow economic growth and foreign direct investment in some sectors like public transport and post and telecommunications has fallen this year.

Administrative reforms, investment, and application of technology have fallen short of targets, she admitted.-VNA

VNA

See more

In 2025, Goertek will invest in a new project and bring more experts and new technology equipment to Vietnam. (Photo: Goertek)

Vietnam expects big FDI wave in 2025

More than 4.33 billion USD in foreign investment was registered in Vietnam in January, an increase of 48.6% compared to the same period last year.

The Lao Bao border gate, Huong Hoa district, Quang Tri province. (Photo: VNA)

Nearly 200 projects registered in Quang Tri's IPs

Two economic zones and two industrial parks in the central province of Quang Tri have so far attracted nearly 200 investment projects, with a total registered capital exceeding 172.4 trillion VND (6.78 billion USD) and a planned land use of over 5,978ha.

At the meeting (Photo: VNA)

PM urges business leaders to drive economic growth

Prime Minister Pham Minh Chinh encouraged businesses to actively engage in large-scale national projects, such as the North-South high-speed railway, standard-gauge railways connecting with China, urban railways, and the nuclear power project.

Production at Minerals Holding Corporation in Lao Cai province. (Photo: VNA)

Vietnam’s industrial production inches up 0.6% in January

According to Director of the GSO’s Industry and Construction Statistics Department Phi Thi Huong Nga, Vietnam could achieve breakthrough industrial growth in 2025 and beyond by leveraging its advantages and accelerating digital and green transformation as well as meeting the increasingly stringent requirements of the international market.