HCMC targets GDP growth at 12 percent

Le Hoang Quan, chairman of the Ho Chi Minh City People’s Committee, has said that the city will do its utmost to achieve a GDP growth rate of 12 percent in 2011.

Foreign visitors taking a cyclo tour around Ho Chi Minh City (Photo: SGGP)

He made the statement at a meeting on January 6 to discuss the socioeconomic development and budget management tasks for 2011.

Some of the city’s major tasks for this year will be improving economic growth and maintaining harmony between growth rate and life quality of its citizens.

The city will also foster management and sustainable development of urban areas, with a focus on improving the transport infrastructure.

The city will continue to develop key and potential services to ensure that the service sector attains the highest growth rate.

Addressing the meeting, Thai Van Re, director of the city’s Planning and Investment Department, called on relevant agencies and enterprises to take the initiative to avoid any risk of high inflation.

He said relevant agencies and enterprises have to try to stabilize prices of eight essential goods and develop retail systems.

The committee also made plans to implement a resolution issued by the HCMC People’s Council, relating to the investment and development of entertainment facilities for children during the 2010-2015 period.

The city will spend money on building 10 new entertainment zones at various parks for children and three children’s cultural houses in Tan Phu, Hoc Mon and Binh Chanh districts this year.

By V. Anh – Translated by Hoang Yen

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