Reporting to the Government, Vice Chairman of the People's Committee of Ho Chi Minh City Vo Van Hoan affirmed that the city’s economy had positive growth, with budget revenue hitting VND2.9 trillion (US$125.7 million) per day. The city was neither subjective nor panic in the prevention of the Covid-19 pandemic.
The 13th National Party Congress took place at the end of January 2021. It has determined the development goals in the next five and ten years with a vision to 2045, aiming at turning Vietnam into a developed country with high income. The will of the Party and the State is also the aspiration of each citizen. Therefore, striving for fast and sustainable growth to avoid moving backward further and overcoming the middle-income trap are critical issues, requiring the arousal of self-reliance and endogenous strength to achieve the set goals.
The Southeast is the key economic region in the South, attracting the most foreign investment (FDI) in the country. Along with efforts to improve the investment environment, Southeastern provinces have been expanding and adding more industrial zones to the planning to attract huge FDI projects and wait for the new investment wave shifting from other Asian countries to Vietnam.
Under the leadership of the Communist Party of Vietnam (CPV), Vietnam has maintained its political stability and economic growth as well as extensive integration into the regional and global economy, according to the S. Rajaratnam School of International Studies (RSIS) of Singapore.
Generally reviewing the country's economy after 35 years of implementing policy reforms, the draft political report of the 12th Party Central Committee submitted to the 13th National Party Congress stated that the socialist-oriented market economy continued to grow; macro-economy was stable, with the growth rate maintaining at a fairly high level; the quality of growth had been improved, and the scale and potential of the economy had increased.
Thu Duc City has a great advantage of owning several developing startup ecosystems and value added chains related to advanced technologies, which promises its prosperous future. Therefore, it is enthusiastically promoting innovative activities in the community, hoping to contribute more to the general socio-economic growth of its mother city – Ho Chi Minh City (HCMC).
Besides the target to achieve a 6-percent growth in the gross domestic product (GDP) or to control inflation at or below 4 percent, the mission of the year 2021 is to begin a new period and a new term. Therefore, the impressive results in 2020 are expected to create resilience for this year, thereby creating a foundation for Vietnam to continue to successfully fulfill the socio-economic targets for the period from 2021 to 2025.
The Department of Industry and Trade of Ho Chi Minh City said that by the end of this year, the city got a positive economic growth, with the gross regional domestic product (GRDP) estimated at VND1.4 quadrillion, an increase of 1.39 percent over the same period. Besides, no sectors saw negative growth.
The General Statistics Office of Vietnam said that gross domestic product (GDP) was estimated to increase 2.91 percent compared to the previous year in a regular press conference held on December 27 in Hanoi.
Mr. Nguyen Nho Trung, Chairman of the People’s Council of Da Nang City, said that the Covid-19 pandemic and continual natural disasters this year have made the city post a negative growth of 9.77 percent for the first time and budget revenue merely achieve 70 percent at the 16th meeting of the municipal People’s Council held on December 7.
