Ho Chi Minh City sets 9.5 pct GDP growth for 2013

Source: VOVNews

Source: VOVNews

The Ho Chi Minh City People’s Council approved a resolution on socio-economic development for 2013, aiming to record a GDP growth rate over 9.5 percent.

Under the resolution, the city will strive to raise its GDP per capita to US$4,000, mobilise social investment totalling more than VND248,500 billion (or36 percent of GDP), and increase the export growth rate to 13.5 percent.

It will also reduce the poverty rate to 2.32 percent and the unemployment rate to less than 4.8 percent. In the coming year, 89 percent of urban residents will have access to clean water supplies and traffic congestion will ease.

HCM City Mayor Le Hoang Quan stressed the importance of controlling inflation, increasing investment efficiency, stabilising financial markets, and protecting the environment.

He also highlighted the needs to alter underlying economic structure, increase State management, combat corruption, and ensure social welfare./.