HCMCity (VNA) – The Ho Chi Minh City People’s Council (ninth tenure)set a gross regional domestic product (GRDP) growth rate of 8.3-8.5 percent for2018 during its sixth session that took place from December 4-7.
It has also set other tasks for the city, including completely fulfilling theestimate of budget collection, establishing 46,000 new enterprises, cutting povertyrate by 1 percent in line with the sustainable poverty reduction programmeduring 2016-2020, and generating jobs for 130,000 labourers.
At the meeting, the council also approved a resolution on implementing theNational Assembly’s Resolution No. 54 on piloting specific mechanisms and policiesfor the city’s development.
It has assigned the municipal People’s Committee to promptly work on projectsregarding wage reform, fees and taxes, social investment mobilisation anddecentralisation, among others.
In her closing remarks, Chairman of the HCM City People’s Council Nguyen ThiQuyet Tam, pointed to difficulties and challenges facing the southernmetropolis, saying its competitive edge is reducing.
She underlined the need for the People’s Committee to take stronger measures tomaterialise resolutions, with attention paid to creating an open andtransparent investment environment, raising public trust and fightingcorruption and wastefulness effectively.
Earlier, the council approved a resolution on support for officials taking earlyretirement, under which the city will spend about 380 billion VND (16.72million USD) from now till 2021 on 1,062 officials who retire before the usualage.
According to the municipal People’s Committee, the city recorded 41,217newly-established businesses with a total registered capital of 577.36 trillionVND this year, up 13.4 percent in volume and 92.4 percent in value. The cityencouraged 3,062 business households to switch their status to businesses.
The local economic growth is expected to hit 8.25 percent this year whilerevenue to the State budget would near 348 trillion VND (15.46 billion USD), or100.03 percent of the estimate, up 12.94 percent.- VNA
VNA