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HCM City targets GRDP growth of 7.5-8% in 2024

Ho Chi Minh City aims for a gross regional domestic product (GRDP) growth of 7.5-8% in 2024 with a recovering economic situation after a tough year, heard the 13th meeting of the municipal People’s Council on December 6.
HCM City targets GRDP growth of 7.5-8% in 2024 ảnh 1Ho Chi Minh City aims for a gross regional domestic product (GRDP) growth of 7.5-8% in 2024. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City aims for agross regional domestic product (GRDP) growth of 7.5-8% in 2024 with a recovering economic situation after a tough year, heard the 13th meeting of themunicipal People’s Council on December 6.

Participants held that along with difficulties, the city alsoenjoys many advantages, including those from special policies that support citydevelopment, an improved investment environment, and promoted foreign directinvestment attraction.

Secretary of the HCM City Party Committee Nguyen Van Nen saidthat next year, the city will focus on promoting digital transformation andeffectively implementing special policies toward growth.

Vo Van Hoan, Vice Chairman of the municipal People’sCommittee said that in 2024, the city hopes to welcome about 6 million foreignvisitors and earn over 190 trillion VND (7.82 billion USD) from tourismactivities.

The southern economic hub will strive to become one of the five leadinglocalities in the provincial digital transformation index. The city plans to buildan additional 8 million sq.m of houses to expand the per capita housing area to22.06 sq.m, said Hoan.

According to Hoan, in 2023, the city’s GRDP is likely toexpand by 5.81%. The city’s industrial production is to rise 4.6%, and the total retailsales of goods and services will surge 22%. Foreign arrivals in the city are projected to increaseby 44.3%, and the number of new enterprises by 10%. Good progress has been seenin the construction of many national key projects in the city.

This year, the city has been honoured by the Asian-OceanianComputing Industry Organisation (ASOCIO) with the Digital Government Award.

However, the official said that the city is likely to failto fulfil a number of targets for 2023, including GRDP growth which is belowthe goal of 7.5-8% set in the beginning of the year./.
VNA
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