Ho Chi Minh City to become economic, financial centre in Asia by 2045
Ho Chi Minh City is set to become a centre of economics and finance in Asia by 2045, boasting sustainable development and high living standards, a municipal official has said.
Hanoi (VNA) – Ho Chi Minh City is set to become a centre of economics and financein Asia by 2045, boasting sustainable development and high living standards, amunicipal official has said.
Nguyen ThanhPhong, Chairman of the municipal People’s Committee, told the media that by2025, the southern hub will become a smart urban area and a city of services,with a modern-oriented industry. It will maintain its role as the economiclocomotive and growth driver of the southern key economic region and thecountry at large.
The city is alsoprojected to take the lead in innovation and creation, with gross regionaldomestic product (GRDP) per capita to reach around 8,500 USD by 2025 and 13,000USD by 2030, when the city is expected to become a centre of economics,finance, commerce, science-technology, and culture in Southeast Asia. GRDP percapita is then to reach 37,000 USD by 2045.
Phong said thatthe city has set 26 development criteria for the 2020-2025 period, coveringfive spheres, including a GRDP growth rate of around 8 percent and thecontribution of the digital economy to GRDP to stand at 25 percent by 2025 and40 percent by 2030.
To that end, itwill focus on overhauling its growth model, spurring socio-economic developmentin tandem with economic development, and boosting scientific-technologicaldevelopment, innovation, and creation, he said./.
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Buildings on a street in HCM City (Photo: VNA) 
