A corner of Ho Chi Minh City (Photo: VNA) HCM City (VNA) - HCM City is to become a smart urban area, maintainits role as the country’s economic engine, and realise its goal of becoming aneconomic and financial hub in Asia, experts have said.
During a seminar on May 5 to discuss the city’s development orientationsduring 2021-2030 and vision to 2045, Chairman of the municipal People’sCommittee Nguyen Thanh Phong said that despite COVID-19 last year the city’seconomy still grew 1.39 percent with local budget revenue standing at more than371 trillion VND (16.1 billion USD), contributing more than 25 percent of theState budget.
By 2025, HCM City is set to become a smart urban area and a modern industrialand service city that acts as a driving force for the southern key economicregion. Average annual gross regional domestic product (GRDP) per capita isestimated at 8,500 USD.
By 2030, it will have become a cultural city, a locomotive of digitalsocio-economic development, and a financial, economic, trade,scientific-technology, and cultural centre of Southeast Asia.
By 2045, it is expected to have become an economic and financial hub inAsia with average annual GRDP per capita of around 37,000 USD and an attractivedestination for global investors.
Sharing similar views, economist Dr Tran Du Lich said that over thecourse of the next decade it is necessary to develop the city’s economy basedon digital technology, with strengths in nine service sectors and fourindustrial sectors and key products.
He proposed issuing breakthrough policies and measures relating totransportation infrastructure for regional connectivity.
According to Associate Professor Nguyen Van Luan from the University ofEconomics and Law under the Vietnam National University - HCM City, the cityneeds to shift to a new economic growth model and maintain an annual growth rateof 8 percent during the 2021-2030 period, focusing on financial and bankingservices, tourism, trade, and logistics.
He suggested improving the quality of human resources, strongly developingthe private sector, and effectively tapping natural resources.
During a seminar on May 5 to discuss the city’s development orientationsduring 2021-2030 and vision to 2045, Chairman of the municipal People’sCommittee Nguyen Thanh Phong said that despite COVID-19 last year the city’seconomy still grew 1.39 percent with local budget revenue standing at more than371 trillion VND (16.1 billion USD), contributing more than 25 percent of theState budget.
By 2025, HCM City is set to become a smart urban area and a modern industrialand service city that acts as a driving force for the southern key economicregion. Average annual gross regional domestic product (GRDP) per capita isestimated at 8,500 USD.
By 2030, it will have become a cultural city, a locomotive of digitalsocio-economic development, and a financial, economic, trade,scientific-technology, and cultural centre of Southeast Asia.
By 2045, it is expected to have become an economic and financial hub inAsia with average annual GRDP per capita of around 37,000 USD and an attractivedestination for global investors.
Sharing similar views, economist Dr Tran Du Lich said that over thecourse of the next decade it is necessary to develop the city’s economy basedon digital technology, with strengths in nine service sectors and fourindustrial sectors and key products.
He proposed issuing breakthrough policies and measures relating totransportation infrastructure for regional connectivity.
According to Associate Professor Nguyen Van Luan from the University ofEconomics and Law under the Vietnam National University - HCM City, the cityneeds to shift to a new economic growth model and maintain an annual growth rateof 8 percent during the 2021-2030 period, focusing on financial and bankingservices, tourism, trade, and logistics.
He suggested improving the quality of human resources, strongly developingthe private sector, and effectively tapping natural resources.
Overview of Landmark 81 building in Ho Chi Minh City (Photo: VNA) To turn HCM City into a smart city, Associate Professor Tran Mai Uocfrom the Banking University of HCM City called for priority to be given topartnerships between the State, businesses, and scientists as well as upholdingthe role of the people.
Dr Vu Thanh Tu An from Fulbright University Vietnam said that infrastructureduring 2030-2045 is not only about electricity and roads but also databases,information systems, data sharing, and privacy.
The city must carry out strong reform in terms of institutions and the businessenvironment to attract more foreign investors, he added./.
VNA
