Ho Chi Minh City plans to roll out a number of measures to ensureeconomic progress is in line with sustainable development, striving foran annual GDP growth of up to 10 percent from 2016-2025, stated amunicipal senior leader.
Speaking to the VietnamNews Agency on the city’s key future orientations, Chairman of themunicipal People’s Committee Le Hoang Quan said the city will prioritiseinvestment in major socio-economic infrastructure programmes whilefocusing on improving the living conditions of locals and speeding upadministrative reform.
Ho Chi Minh City willcontinue enhancing its competitiveness and international integration andimproving human resources quality, he said.
Specifically, the city will continue intensifying high-quality andeffective service groups as well as four industries with highscience-technology and added value, including mechanics,electronics-information technology, pharmaceutical chemistry-rubber, andfood processing, while boosting the support industry and sustainableagricultural development, he said.
Meanwhile, thecity will improve the investment environment, focusing on attractingprojects using high and green technology.
Themunicipal leader also stressed the need for the city to mobiliseresources for environmental protection as well as coping with climatechange and sea level rise while speeding up building rural areas andpaying greater attention to developing education-training,science-technology, healthcare, culture and sports.
Reviewing the city’s 40 years of development, Quan said Ho Chi Minh Cityhas made great achievements and important contributions to thecountry’s industrialisation, modernisation and internationalintegration.
After its liberation in 1975, the cityovercame difficulties to secure political stability, surmount the waraftermath, boost economic growth and become a driving force of thecountry’s economy, he said.
Accounting for only 0.63percent of the country’s area and 8.8 percent of population, over thepast 40 years, Ho Chi Minh City has become a major economic hub of thecountry with GDP growing to average 10-12 percent annually in recentyears from only 2.7 percent from 1976-1985, 1.5 times higher than thenational average.
Particularly, the city maintained agrowth of 9.6 percent per year from 2011-2015, 1.66 times higher thanthe country’s average despite the global financial crisis and economicrecession.
Economic sectors have been continuouslyencouraged to grow, stated the city’s leader. Currently, the city has238,000 enterprises and over 250,000 business households. The city ishosting more than 5,330 foreign investment projects totalling 36.6billion USD, accounting for a third of the country’s total foreigndirect investment projects and one fourth of the total investment.
The city currently contributes 21 percent of the country’s GDP and 30 percent of the State budget.
Ho Chi Minh City has seen progress in urban planning, management and development with several new and modern urban areas.
Social security has been ensured and local income per capita reached5,131 USD, expected to rise to 5,538 USD by the end of this year. Thisis a sharp increase compared to that of 2000 at 1,011 USD and 1976 at360 USD per year.
According to Quan, the city hassuccessfully provided universal secondary education. The city now has1,500 schools with 1.3 million students and 65,000 teachers.
Municipal healthcare has also been expanded. By the end of 2014, thecity had 105 hospitals with a total capacity of 34,000 beds, providinghealthcare services to 29 million people with 14.5 doctors for every10,000 people.
However, Quan also pointed to anumber of difficulties, challenges and shortcomings facing the city,including slow transformation of economic structure, modest growthquality and low competitiveness.
It is alsoencountering a number of common problems experienced by rapidlydeveloped and highly populated cities such as inadequate urban planningand management, overloaded infrastructure, shortages in high-qualityhuman resources, traffic congestion, and environmental pollution, saidthe city leader.-VNA
Speaking to the VietnamNews Agency on the city’s key future orientations, Chairman of themunicipal People’s Committee Le Hoang Quan said the city will prioritiseinvestment in major socio-economic infrastructure programmes whilefocusing on improving the living conditions of locals and speeding upadministrative reform.
Ho Chi Minh City willcontinue enhancing its competitiveness and international integration andimproving human resources quality, he said.
Specifically, the city will continue intensifying high-quality andeffective service groups as well as four industries with highscience-technology and added value, including mechanics,electronics-information technology, pharmaceutical chemistry-rubber, andfood processing, while boosting the support industry and sustainableagricultural development, he said.
Meanwhile, thecity will improve the investment environment, focusing on attractingprojects using high and green technology.
Themunicipal leader also stressed the need for the city to mobiliseresources for environmental protection as well as coping with climatechange and sea level rise while speeding up building rural areas andpaying greater attention to developing education-training,science-technology, healthcare, culture and sports.
Reviewing the city’s 40 years of development, Quan said Ho Chi Minh Cityhas made great achievements and important contributions to thecountry’s industrialisation, modernisation and internationalintegration.
After its liberation in 1975, the cityovercame difficulties to secure political stability, surmount the waraftermath, boost economic growth and become a driving force of thecountry’s economy, he said.
Accounting for only 0.63percent of the country’s area and 8.8 percent of population, over thepast 40 years, Ho Chi Minh City has become a major economic hub of thecountry with GDP growing to average 10-12 percent annually in recentyears from only 2.7 percent from 1976-1985, 1.5 times higher than thenational average.
Particularly, the city maintained agrowth of 9.6 percent per year from 2011-2015, 1.66 times higher thanthe country’s average despite the global financial crisis and economicrecession.
Economic sectors have been continuouslyencouraged to grow, stated the city’s leader. Currently, the city has238,000 enterprises and over 250,000 business households. The city ishosting more than 5,330 foreign investment projects totalling 36.6billion USD, accounting for a third of the country’s total foreigndirect investment projects and one fourth of the total investment.
The city currently contributes 21 percent of the country’s GDP and 30 percent of the State budget.
Ho Chi Minh City has seen progress in urban planning, management and development with several new and modern urban areas.
Social security has been ensured and local income per capita reached5,131 USD, expected to rise to 5,538 USD by the end of this year. Thisis a sharp increase compared to that of 2000 at 1,011 USD and 1976 at360 USD per year.
According to Quan, the city hassuccessfully provided universal secondary education. The city now has1,500 schools with 1.3 million students and 65,000 teachers.
Municipal healthcare has also been expanded. By the end of 2014, thecity had 105 hospitals with a total capacity of 34,000 beds, providinghealthcare services to 29 million people with 14.5 doctors for every10,000 people.
However, Quan also pointed to anumber of difficulties, challenges and shortcomings facing the city,including slow transformation of economic structure, modest growthquality and low competitiveness.
It is alsoencountering a number of common problems experienced by rapidlydeveloped and highly populated cities such as inadequate urban planningand management, overloaded infrastructure, shortages in high-qualityhuman resources, traffic congestion, and environmental pollution, saidthe city leader.-VNA
