HCM City targets per capita GDP of USD40000 by 2045
HCM City authorities have set new development goals to make the city into a financial centre by 2045.
Chairman of HCM City People’s Committee Nguyen Thanh Phong speaks at the 11th Congress of the HCM City Party Organisation for the 2020-2025 tenure on October 15.
Speaking at the 11th Congress of the HCM City Party Organisation for the 2020-2025 tenure, which officially opened on October 15 chairman of the city People’s Committee Nguyen Thanh Phong said that the city’s economic growth has been promising with innovation and technological development central. Gross regional domestic product during the 2016-2019 period increased by 772% annually, while the growth rate for the 2016-2020 period was estimated at 641%.
Labour productivity in HCM City is 2.6 times higher than the country’s average rate. The GDP per capita also increased year-on-year and is 2.4 times higher than the country’s average rate. HCM City contributed 27% of the state budget in 2019.
Due to Covid-19 the city was unable to meet the set goals for economic growth this year. The HCM City authorities have reviewed and set the goals for the city to 2030 with a view to 2045. The aim is to make HCM City a smart city in 2025 the economic hub of Vietnam with the per capita GDP at USD8500 to USD9000. In 2030 the per capita GDP will reach USD13000-14000.
“In 2045 HCM City will become a financial centre with high living standards and per capita GDP at USD40000” Phong said.
Four programmes have been built to realise these goals. The first programme is to launch new management policies that are suitable to a metropolis and a financial and cultural hub. Some of the solutions are to adjust the budget planning for the city, turn Thu Duc District into Thu Duc City and build an innovative area in the eastern side of the city that connects with Thu Duc.
The second programme is to develop the city’s infrastructure for all kinds of services including telecommunications and transportation. The third programme aims to boost highly-skilled human resources and implement AI technologies.
The fourth programme will focus on start-up projects and corporates in order to tighten collaborations between financial facilities, state agencies and firms.
- Leftovers: In Vietnam's Hue, yesterday’s rice is today’s hot menu item
- Vietnam opens UN staff officer training course
- Critical patient in Vietnam covered US 1 6 milion for treatment fees by medical insurance
- Global cases of COVID-19 continue to increase for a seventh consecutive week: WHO
- From humble sedge come new creations
Vietnam economy to expand 7% annually in 2021-22: Fitch Ratings
H&M fighting to save fanbase after social media backlash
Shrimp sector sets sights on US$4 bln export target in 2021
Over VND27 trillion sought for key roads leading to seaports in HCMC
Vietnam aims at US$4 billion of shrimp export revenue in 2021
New Advancements to Aruba ESP Deliver Edge-to-Cloud Security to Enterprises
AVITA LIBER V notebook wins coveted Red Dot 2021 design award, recognizing the tech-fashion brand’s aim of achieving functional beauty, expression and individualism
CFO Survey: China set to lead global post-pandemic recovery in 2021
Expansion of CarePlus Clinics in Vietnam by A Consortium of Investors
Quality lifestyle asks for more quality baby hampers - Give Gift Boutique helps children with special needs by supporting charitable activities