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

The council’s Chairwoman Nguyen Thi Quyet Tam said the session will focus on the municipal People’s Committee’s reports on the year’s socio-economic and cultural situation, the city’s budget management and the outcomes of tackling voters’ suggestions.

A report presented by Vice Chairwoman of the municipal People’s Committee Nguyen Thi Hong noted the city’s GDP is estimated at 764.4 trillion VND (35.93 billion USD) in 2013, a year-on year increase of 9.3 percent.

Looking back the first three years of its five-year plan from 2011-2013, the city has maintained an annual average GDP growth of 9.6 percent, Hong said, adding that the economic structure has been adjusted in a right direction and the control of inflation has been boosted.

The city targets a GDP growth rate of 9.5-10 percent next year and raises export turnover by 10 percent from this year’s estimated 26.3 billion USD./.