HCM CITY — HCM City has reached its socio-economic targets that were set during the first nine months of this year, city leaders told a meeting held in the city on Thursday.
According to figures from HCM City Department of Planning and Investment, the city GDP for the period is more than VND304.5 trillion (US$15.9 billion), an increase of 11.2 per cent over the same period last year.
The service sector accounted for 53.6 per cent, a surge of 11.2 per cent; industry and construction 45.5 per cent, a rise of 11.2 per cent; and agriculture 0.9 per cent, an increase of 6 per cent, compared to the same period last year.
Total revenue for retail products and the service sector reached VND270 trillion ($14.06 billion), a 31.2 per cent rise over the same period last year.
Other figures such as industrial and agricultural production value, tourism revenue, consumer goods and passenger transportation and banks' mobilised capital have surged considerably compared to last year.
During the first nine months, the total export turnover of the city, excluding crude oil, reached $12.126 billion, an increase of 10.7 per cent over last year.
However, the total import turnover reached nearly $15.5 billion, a rise of 12.6 per cent.
In addition, the total city budget reached nearly VND11.7 trillion ($600 million), an increase of 26.2 per cent.
Total investment capital reached VND95.2 trillion, an increase of 17.7 per cent.
At present, the city has 216 licensed foreign direct investment (FDI) projects with a total investment capital of more than $1.63 billion.
The city has attracted about VND46 trillion in Official Development Assistance (ODA).
During the last nine months, HCM City has offered jobs for 222,500 labourers, reaching 82.24 per cent of the target set.
The number of poor households has fallen to 7.1 per cent of the total population.
New targets
The city has proposed eight solutions to ensure socio-economic targets this year.
The city will continue to operate the programme to stabilise prices for essential products, and improve the management and oversight of the market in the city.
The city will also promote trade and urge companies to hasten the speed for disbursement of projects or works whose capital is sourced from the city budget.
It will continue to reform administrative procedures, creating the most favourable conditions for residents and businesses.
It will also ensure food safety and hygiene as well as disease prevention.
HCM City has also set a target for 2011.
For example, it will continue to increase the quality and competitiveness capacity of the economy in the context of global integration.
It will mobilise all parts of the society to invest in and develop infrastructure as well as protect the environment.
In 2011, it targets to increase the GDP by 12 per cent, exports by 11 per cent.
Total capital for socio-economic development will reach VND200.4 trillion, and the city budget will reach VND160.5 trillion. The city also aims to focus on foreign affair activities and improve the standard of living for its residents. — VNS
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