HCM City sets economic growth target of 6 percent for 2021
Ho Chi Minh City is targeting a gross regional domestic product (GRDP) growth rate of around 6 percent in 2021.
A view of HCM City (Photo: VNA)HCM City (VNA) – Ho Chi Minh City is targeting a gross regional domestic product (GRDP) growth rate of around 6 percent in 2021.
This is among the targets the 9th-tenure municipal People’s Council set for next year on December 7 as part of its 23rd session.
Accordingly, the southern economic hub aims to maintain the services sector’s share in the GRDP at over 60 percent, total investment in society accounting for about 35 percent of the GRDP, and labour productivity increasing 5.7 percent annually.
Vo Thi Ngoc Thuy, a deputy of the People’s Council, held that on the basis of the socio-economic development in 2020, efforts by the whole political system, and local residents’ solidarity, HCM City is completely able to achieve the growth target of 6 percent next year.
To create favourable conditions for economic stability, recovery, and development in the post-pandemic period, the city should further support human resources training and provide timely assistance for COVID-19-hit businesses, she suggested.
Director of the municipal Department of Planning and Investment Le Thi Huynh Mai said amid numerous difficulties caused by COVID-19, HCM City has yet to achieve some targets for this year but still obtain positive growth, thus contributing to economic performance of the whole country.
She added that it will keep exerting efforts to secure 6-percent growth next year while devising an aid package of some 4 trillion VND (172.9 million USD) for pandemic-hit enterprises, in which 1 trillion VND will be spent on stimulating tourism./.
You should also see
Dien Bien province's tourism sector aspires to "take off"
The northern mountainous province of Dien Bien aims to become a national cultural, historical and ecological tourism hub by 2050, towards international standards with strong growth of trade services.
See more
Business
Government’s action programme cracks down on illegal fishing
A raft of measures to deal with illegal, unreported and unregulated (IUU) fishing is included in the Government’s freshly issued action programme as the country is striving to clamp down on illegal fishing, or else it will be hit by the European Commission (EC)’s warning card.
Business
Vietnam - an enticing destination for foreign investors: IMF expert
Vietnam is an attractive destination for foreign investors thanks to its high, stable growth, large domestic market and young, well-educated human resources, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam at the Annual Meetings of the IMF and the World Bank Group (WB) held recently in the US.
Business
More efforts needed to maintain export growth to China: Insiders
Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
Business
Banks propose raising small loan cap to 400 million VND
Credit institutions have proposed to raise the cap of small loans not requiring feasible capital use plans and related person information from 100 million VND to 400 million VND (15,710 USD).
Business
Demand for prime retail space on the rise in HCM City’s downtown: Savills Vietnam
Luxury brands are looking for high-quality retail space in District 1 - the downtown area of Ho Chi Minh City, according to Savills Vietnam.
