Ho Chi Minh City is destined to reach Gross Regional Domestic Product (GRDP) growth of between 8.3% and 8.5% for 2018, according to a January 2 conference on the city’s socio-economic development.
HCM City has outlined 20 developmental goals in 2018, the first year of realizing its pilot specific mechanism, focusing on administrative reform, investment attraction, infrastructure building, and start-up encouragement.
Su Ngoc Anh, Director of the municipal Department of Planning and Investment said to meet the set targets, at least 35% of GRDP must be allocated for development investment and it is imperative to mobilize a total investment capital of US$8.5 billion this year.
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.
Nguyen Kim Thoa, Director General of the Hi-Tech Golden Stork group said, “We hope the national economy will achieve greater progress. We are looking for better access to capital and preferential policies to develop Vietnam’s agriculture in the time ahead.VOV