Ho Chi Minh City sets social-economic goals for 2016
The 8th People’s Council of Ho Chi Minh City concluded its 20th session on December 11 with the adoption of a resolution on the city’s economic-cultural-social targets for 2016.
Under the resolution, the city will strive for a gross regional domestic product (GRDP) growth of 8%, in which the proportion of the total factor productivity (TFP)’s contribution to the GRDP should be at least 35%.
The total social investment capital will be equal to 30% of the GRDP and the rate of trained labourers is 75 percent. The city also aims to generate 125,000 new jobs.
The urban unemployment rate will be maintained at 4.5% and cut the poverty rate by 1% according to new standards under the “sustainable poverty alleviation” programme during 2016-2020. All households will be supplied with clean water.
Another important mission the city pursues is to be one of top five localities in the Provincial Governance and Public Administration Performance Index (PAPI), the Provincial Competitiveness Index (PCI) and the Provincial Public Administration Reform Index 2013 (PAR-index).
The session also elected Vice Secretary of Ho Chi Minh City Party Committee Nguyen Thanh Phong as Chairman of the Municipal People’s Committee.
HCM City has fulfilled 23 of the 25 socio-economic targets for 2015 set by the council, posting stable and fair economic growth. Local gross domestic product this year grew by 9.8% from 2014, the highest year-on-year pace in three straight years.
The city raked in some US$62.82 billion in export revenue and welcomed 4.6 million foreign tourists in 2015.
The total social investment capital will be equal to 30% of the GRDP and the rate of trained labourers is 75 percent. The city also aims to generate 125,000 new jobs.
The urban unemployment rate will be maintained at 4.5% and cut the poverty rate by 1% according to new standards under the “sustainable poverty alleviation” programme during 2016-2020. All households will be supplied with clean water.
 |
Another important mission the city pursues is to be one of top five localities in the Provincial Governance and Public Administration Performance Index (PAPI), the Provincial Competitiveness Index (PCI) and the Provincial Public Administration Reform Index 2013 (PAR-index).
The session also elected Vice Secretary of Ho Chi Minh City Party Committee Nguyen Thanh Phong as Chairman of the Municipal People’s Committee.
HCM City has fulfilled 23 of the 25 socio-economic targets for 2015 set by the council, posting stable and fair economic growth. Local gross domestic product this year grew by 9.8% from 2014, the highest year-on-year pace in three straight years.
The city raked in some US$62.82 billion in export revenue and welcomed 4.6 million foreign tourists in 2015.