HCM City urged to achieve higher growth by year-end

Ho Chi Minh City needs to continue mobilising all resources to achieve sustainable growth in productivity, quality, efficiency and competitiveness for the rest of the year, a city official said.
HCM City urged to achieve higher growth by year-end ảnh 1Participants at the 14th meeting of the HCM City Party Committee for the 2015-2020 tenure, chaired by Nguyen Thien Nhan, Secretary of the HCM City Party Committee (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City needs to continue mobilising all resources toachieve sustainable growth in productivity, quality, efficiency andcompetitiveness for the rest of the year, a local official has said.

Speaking at a conference of the HCM City Party Committee onOctober 3, its secretary Nguyen Thien Nhan said that HCM City continued playinga leading role as the country’s socio-economic, cultural, education, andscience and technology hub. 

He urged the city to closely follow the Party’s resolutions and Statestrategies in implementing its action plans and to take serious measures toachieve its targets.

The meeting discussed a range of socio-economic issues in the first nine monthsas well as the public investment plan for 2017-2020.

It also focused on assessment of major infrastructure projectsthat are expected to reduce congestion as well as administrative reform andParty resolutions regarding Party building work, among others.

Tran Vinh Tuyen, vice chairman of the city People’s Committee,reported on socio-economic development in the first nine months, as well astasks and solutions needed to be carried out for the rest of the year.

According to Tuyen, thecity’s Gross Regional Domestic Product (GRDP) reached 775.874 trillion VND (34.14billion USD) or 7.97 percent in the first nine months, compared to 7.76 percentin the same period last year.

Total export turnover ofthe city reached more than 26.3 billion USD, a rise of 15.7 percent over thesame period last year, while import turnover reached 31.58 billion USD, up 16.9percent over the same period last year, Tuyen said.

The number of international visitors to the city reached 4.2million, a rise of 16 percent compared to the same period last year or 70 percentof the year’s target of 6 million, he added.

Speaking at the closingsession, Nhan, who is also a Politburo member, spoke highly of the city’sefforts in socio-economic development in the first nine months, which deliveredoutstanding results, including economic growth of 7.97 percent.

However, the city’s economyalso had to deal with long-term constraints, as the business environment andcompetitiveness had not seen much improvement, Nhan said.

In addition, the cityshould continue implementing innovative programmes set by city authorities.

Nhan also urged the city tocontinue its emphasis on a one-stop shop for issuance of certificates forinvestment registration and business registration, and study one-stopmechanisms for construction permits.

Regarding the mid-terminvestment plan, the city has achieved certain results, especially for variousforms of capital mobilisation, according to Nhan.  

However, for the 2016-2020period, the city needs to generate investment and mobilise resources for publicinvestment and create a favourable, effective investment environment.

In addition, secretary Nhanemphasised the need to improve infrastructure planning for the city, as most ofthe plans no longer meet the current situation. The plans must ensureefficiency, with a particular focus on transportation, water supply anddrainage, waste treatment, and river bank erosion, he said.-VNA
VNA

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