HCM City eyes 40,000 USD per capita income by 2045

(VOVWORLD) - HCM City, Vietnam’s largest city, has set a target of becoming an economic and financial hub in Asia by 2045 with GDP per capita increasing to 40,000 USD, according to VnExpress.

HCM City eyes 40,000 USD per capita income by 2045 - ảnh 1The Thu Thien New Urban Area in HCMC's District 2 is seen

from above in 2019. (Photo: VnExpress/Quynh Tran) 

Municipal Party Secretary Nguyen Thien Nhan said at a Thursday meeting the city would make every efforts to turn itself into a smart city by 2025.

But Mr. Nhan acknowledged that in the next five to ten years the country and the world would have undergo changes that could affect the city’s development plans. As Vietnam’s commercial hub and biggest moneymaker, the city's gross regional domestic product growth reached 7.86 percent last year while the country’s GDP expanded by 7.02 percent.

The government has recently agreed with the city's plan to turn its three eastern Districts 2, 9 and Thu Duc into an "innovative urban area".