Ho Chi Minh City plans economic growth for 2014

Ho Chi Minh City has planned to increase its GDP by 9.5 percent in 2014, a local newspaper reported on February 8, adding that this is a decrease from the city’s sixth Party Congress’s target of 12 percent.

The city will continue reducing and delaying taxes for corporations in 2014 and continue to advocate good work environment through implementing new support policies and simplifying bureaucracy, said the Sai Gon Giai Phong online English edition.

This southern economic hub will promote sustainable tourism development, which accounts for 11 percent of the city’s total GDP.

The city will also encourage the export of high-quality agricultural products, the newspaper added.-VNA

Source: Vietnamplus

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