Politics

HCM City People’s Council opens 12th session

The Ho Chi Minh City People’s Council on December 9 convened its 12th session to review the implementation of this year’s socio-economic goals and set development targets for 2014.
The Ho Chi Minh City People’s Council on December 9 convened its 12thsession to review the implementation of this year’s socio-economic goalsand set development targets for 2014.

Thecouncil’s Chairwoman Nguyen Thi Quyet Tam said the session will focus onthe municipal People’s Committee’s reports on the year’s socio-economicand cultural situation, the city’s budget management and the outcomesof tackling voters’ suggestions.

A report presentedby Vice Chairwoman of the municipal People’s Committee Nguyen Thi Hongnoted the city’s GDP is estimated at 764.4 trillion VND (35.93 billionUSD) in 2013, a year-on year increase of 9.3 percent.

Looking back the first three years of its five-year plan from2011-2013, the city has maintained an annual average GDP growth of 9.6percent, Hong said, adding that the economic structure has beenadjusted in a right direction and the control of inflation has beenboosted.

The city targets a GDP growth rate of9.5-10 percent next year and raises export turnover by 10 percent fromthis year’s estimated 26.3 billion USD.-VNA
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