Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >>Economy  >> City targets high growth in 2015
NEW UPDATES Asean Affairs  25 November 2014  

City targets high growth in 2015

Vietnam: The nation's commercial hub will keep its economic growth target for 2015 high at 9.5-10 per cent and initiate several business-friendly measures to achieve it, HCM City People's Committee Chairman Le Hoang Quan said on Saturday.

Addressing the opening session of the 20th meeting of the HCM City Party Committee, he said that his administration will focus on curbing difficulties facing the city's real estate market, supporting production, and attracting investment for developing supporting industries.

Quan said the city targets an eight to 10 per cent increase in export turnover and to raise public spending to 30 per cent of GDP, compared with 28.5 per cent in 2013.

The city will also continue to create favourable and equitable conditions for all economic sectors, mobilise ODA (Official Development Assistance) for development, complete major infrastructure projects, and open up environment protection activities to the private sector, he said.

He informed the meeting that the City is set to achieve a GDP of VND879 trillion (US$41.2 billion) this year, up 9.5 per cent over 2013. Per capita income reached $5,131, compared with $4,520 the previous year.

The municipal administration estimates that in 2014, retail sales and service turnover will post a year-on-year increase of 12.5 per cent, export turnover will rise 8.8 per cent year-on-year to $32 billion, and imports will rise 0.3 per cent over 2013 to $26 billion.

Chairman Quan also said that the city adopted market-diversification as a strategy to minimise negative impacts in some major import and export markets. The city has exported goods to over 200 countries and territories, he noted.

Shortcomings linger

Despite its achievements, the City's economic growth has been relatively sluggish and most its export growth is based on processed goods with low added value, Quan conceded.

Small and medium scale businesses were still facing difficulties, and urban management was posing a daunting challenge. The city still lacks the infrastructure its development demands, resulting in traffic congestion, jams, flooding and several environmental problems.

Quan also admitted that the city has not fulfilled its task of supplying sufficient clean water for its population, its hospitals were overloaded, and its food hygiene and safety management left room for improvement.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            November 25, 2014 Subsribe Now !
• Malaysia to draw RM200 billion investment with AEC: Hamim Subcribe: Asean Affairs Global Magazine
• PM Lee outlines the Smart Nation vision: Meaningful lives, enabled by technology
• City targets high growth in 2015
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Pertamina commits to securing LPG supply in border areas
• Palace expects Congress to expedite approval of emergency powers resolution
Asean Analysis                    November 14, 2014

• Asean Analysis November 14, 2014
Malaysia Steps into Spotlight as ASEAN and East Asia Summit Chair
Advertise Your Brand

Asean Stock Watch    November 24, 2014
• Asean Stock Watch-November 24 , 2014
The Biweekly Update
• The Biweekly Update  November 14, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand