Thursday,  May 13, 2021,22:40 (GMT+7) 0 0
HCMC targets 2021 GRDP growth of 6% or more
By Le Anh
Tuesday,  Dec 8, 2020,12:14 (GMT+7)

HCMC targets 2021 GRDP growth of 6% or more

By Le Anh

Employees at work. HCMC has set a gross regional domestic product (GRDP) growth goal of 6% or more in 2021 – PHOTO: ANH QUAN

HCMC – HCMC, the country’s leading economic hub, has set a gross regional domestic product (GRDP) growth goal of 6% or more in 2021 and a target for its annual GRDP per capita at some US$6,500, it was announced at the 23rd sitting of the HCMC People’s Council on December 7.

Besides this, the city also aims to generate jobs for 140,000 workers and reduce the unemployment rate to less than 4%.

To fulfill these targets, the city presented some solutions, including improving its Provincial Competitiveness Index, improving access to land and enhancing law enforcement.

Apart from reviewing and handling delayed projects, the city is set to deploy a land use and management project. As for administrative procedures, the city will organize an administrative reform program and push up the administration reform index.

In 2021, HCMC will also offer the second support package to enterprises affected by the coronavirus pandemic, while continuing to deploy credit programs efficiently, with credit growth at some 14% and capital mobilization growth at 13%-14%. Its plans are expected to help achieve the GRDP target.

The HCMC government said the Covid-19 pandemic has taken a heavy toll on the city’s economy this year, resulting in a GRDP growth rate of 1.39%. This year, the city has seen 40,000 newly established enterprises, while over 6,080 firms have dissolved and 14,095 companies have suspended operations.

Its budget collection amounted to an estimated VND352 trillion, down 14.1% against 2019.

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