A Politburo resolution signed by Party General Secretary Nguyen PhuTrong enjoins HCM City to achieve a per capita gross domestic product(GDP) of 8,500 USD by the end of 2020.
Resolution 16-NQ/TWcalls on the city to fully exploit its potentials to achievesustainable economic development as well as renovate and restructure theeconomy to enhance its competitiveness.
The city needs to post GDP growth that is 1.5 times higher than that of the country in the 2011-20 period.
It should focus on the development of service sectors, includinginternational finance, trade and banking, ports, storage, logistics,import and export, transport, and tourism, the resolution says.
Particular focus on industries is called for: mechanical engineering,electronics – IT, pharmaceutical, chemicals – rubber, and foodprocessing.
The resolution says the city will need toensure enterprises are more effective and competitive, enhance thecollective economy, particularly focusing on the roles of cooperatives.
It needs to further improve urban infrastructure and improve thequality of urban planning in line with the country's socio-economicdevelopment and national security needs.
One of the majortasks for the city is to develop a more advanced public transport systemwith high capacity to meet the increasing demand, including monorails,trams, buses, subways, expressways and waterways.
It also needs to invest in building and upgrading sea dykes and irrigation works along the Sai Gon river.
According to the Resolution, the city will be allowed to carry outpilot schemes on issues where improvement is needed but regulations arelacking.
It will also be given more autonomy in public finance management and budgeting, planning and investment.
The Resolution asks the city to improve and amend laws to attractinvestment from many sources from within and outside the country undermany models, including build-operate-transfer (BOT), build-transfer(BT), public private partnership (PPP).-VNA
Resolution 16-NQ/TWcalls on the city to fully exploit its potentials to achievesustainable economic development as well as renovate and restructure theeconomy to enhance its competitiveness.
The city needs to post GDP growth that is 1.5 times higher than that of the country in the 2011-20 period.
It should focus on the development of service sectors, includinginternational finance, trade and banking, ports, storage, logistics,import and export, transport, and tourism, the resolution says.
Particular focus on industries is called for: mechanical engineering,electronics – IT, pharmaceutical, chemicals – rubber, and foodprocessing.
The resolution says the city will need toensure enterprises are more effective and competitive, enhance thecollective economy, particularly focusing on the roles of cooperatives.
It needs to further improve urban infrastructure and improve thequality of urban planning in line with the country's socio-economicdevelopment and national security needs.
One of the majortasks for the city is to develop a more advanced public transport systemwith high capacity to meet the increasing demand, including monorails,trams, buses, subways, expressways and waterways.
It also needs to invest in building and upgrading sea dykes and irrigation works along the Sai Gon river.
According to the Resolution, the city will be allowed to carry outpilot schemes on issues where improvement is needed but regulations arelacking.
It will also be given more autonomy in public finance management and budgeting, planning and investment.
The Resolution asks the city to improve and amend laws to attractinvestment from many sources from within and outside the country undermany models, including build-operate-transfer (BOT), build-transfer(BT), public private partnership (PPP).-VNA
