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HCM City targets 10 percent GDP in 2014

The country’s largest economic hub, Ho Chi Minh City, tries to achieve a GDP growth of 9.5-10 percent in 2014, 1.5 times higher than the national rate.
The country’s largest economic hub, Ho Chi Minh City, tries to achieve aGDP growth of 9.5-10 percent in 2014, 1.5 times higher than thenational rate.

The goal was reconfirmed by Chairmanof the municipal People’s Committee Le Hoang Quan at the 16th meeting ofthe Party Committee on December 4.

To achieve that,it is important to accelerate the implementation of a programme tosupport economic restructuring, improve the business environment andraise the enterprises’ competitiveness, according to the chairman.

The city’s GDP growth is estimated at 9.3 percent and GDP per capitaat 4,513 USD this year, according to a socio-economic report presentedby Chairman Quan.

Regarding the poverty reductionprogramme, Deputy Permanent Secretary of the municipal Party CommitteeNguyen Van Dua said the city helped 120,000 poor households in theirbusiness and production in the 2009-2012 period.

Bythe end of 2013, 20,000 households escaped from poverty, thus reducingthe poverty rate in the city to 1 percent and fulfilling the target ofthe 2009-2015 programme two years ahead the schedule, he said.

The meeting, chaired by Secretary of the Party Committee Le Thanh Hai, will last until December 5.-VNA
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