HCM city aims for economic growth of 8.3%-8.5%
(VOVWORLD) -HCM city is targeting Gross Regional Domestic Product (GRDP) growth of between 8.3% and 8.5% for 2018, according to Tuesday’s conference on the city’s socio-economic development.
 Workers at an industrial park in HCM city. |
As 2018 is the first year of implementing its pilot specific mechanism, HCM city has set 20 developmental goals, focusing on administrative reform, investment attraction, infrastructure building, and start-up encouragement.
“To meet the set targets, at least 35% of GRDP must be allocated for development investment. We expect to mobilize a total investment capital of 18.5 billion USD this year,” said Su Ngoc Anh, Director of the municipal Department of Planning and Investment.
At a get-together with HCM city authorities, local businesses were confident that the new specific mechanism granted by the National Assembly will ensure the city becomes a magnet for investors and further promotes the private sector.
“We hope the national economy will see greater progress. We are looking for better access to capital and preferential policies to develop Vietnam’s agriculture,” Nguyen Kim Thoa, Director General of the Hi-Tech Golden Stork group.