HCM City (VNA) –Ho Chi Minh City is targeting a gross regional domestic product (GRDP) growthrate of around 6 percent in 2021.
This is among the targets the 9th-tenuremunicipal People’s Council set for next year on December 7 as part of its 23rdsession.
Accordingly, the southern economic hub aims tomaintain the services sector’s share in the GRDP at over 60 percent, totalinvestment in society accounting for about 35 percent of the GRDP, and labourproductivity increasing 5.7 percent annually.
Vo Thi Ngoc Thuy, a deputy of the People’sCouncil, held that on the basis of the socio-economic development in 2020,efforts by the whole political system, and local residents’ solidarity, HCMCity is completely able to achieve the growth target of 6 percent next year.
To create favourable conditions for economicstability, recovery, and development in the post-pandemic period, the cityshould further support human resources training and provide timely assistancefor COVID-19-hit businesses, she suggested.
Director of the municipal Department of Planningand Investment Le Thi Huynh Mai said amid numerous difficulties caused byCOVID-19, HCM City has yet to achieve some targets for this year but stillobtain positive growth, thus contributing to economic performance of the wholecountry.
She added that it will keep exerting efforts to secure6-percent growth next year while devising an aid package of some 4 trillion VND(172.9 million USD) for pandemic-hit enterprises, in which 1 trillion VND willbe spent on stimulating tourism./.
Over 6,400 firms in Ho Chi Minh City resumed their operations in 11 months of this year despite the COVID-19 pandemic, up more than 21 percent year-on-year.
Despite negative impacts of the COVID-19 pandemic, remittances Ho Chi Minh City received through commercial banks and economic organisations are forecast to reach 5.5 billion USD this year, a slight increase from 2019.
The November index of industrial production (IIP) in Ho Chi Minh City picked up 3.4 percent compared to the previous months, but the index for the January-November period fell 4.4 percent year on year.
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The 9th-tenure People’s Council of Ho Chi Minh City convened its 23rd session on December 7 to review the implementation of socio-economic tasks this year and put forth tasks and solutions for 2021.
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A view of HCM City (Photo: VNA) 
