HCM City aims for 10 percent GDP growth
The target was announced by the municipal People’s Committee at a meeting on January 2 to review socio-economic development and budget spending in 2012 and work out orientations for 2013.
HCM City’s GDP grew by 9.2 per cent in 2012, nearly double the country’s average rate despite a number of shortcomings in dealing with real estate projects, inventories, and bad debts.
Participants in the January 2 meeting raised their concern about issues related to export business, employment, housing and social security for local people.
The focus of discussion was on facilitating production, promoting consumption, reducing inventory levels, as well as tightening the financial and monetary market to achieve $4,000 worth of GDP per capita and reduce the rate of unemployment to less than 4.8 per cent in 2013.
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