Wednesday, February 26 2020


City development plan focuses on services

Update: January, 09/2014 - 10:16
Volunteers tend to young trees in HCM City. The forest will remain protected as part of the city's socio-economic development plan. — VNA/VNS Photo Trang Duong

HCM CITY (VNS)  — The Government has approved HCM City's socio-economic development plan for this decade, which focuses on restructuring the economy to make services the pre-eminent sector.

By 2020 services will account for 58.2-60 per cent of the city's GDP and industry and construction section for 39.2 - 41 per cent.

The focus will be on nine main services, namely finance - credit - banking - insurance, commerce, transport, warehouses, ports, post – telecommunications - information technology and communications, property, tourism, health, and education and training.

Modern infrastructure to facilitate the services sector will be developed with supermarkets, hotels, hi-tech health centres, and universities of international standards being built.

In the industrial sector, the city will focus on areas with high economic value and involving research and technology — electronics and information technology; pharmaceuticals; rubber; and food processing.

It will also develop the bio-technology, clean industry, energy saving, garment, footwear, and fashion and design sectors.

It will shift gradually from assembling to producing, and will develop supporting industries for the machinery, electronics, and information technology sectors.

More hi-tech industrial parks will be established and all production firms will be located in industrial parks and clusters.

The city will modernise agriculture and improve productivity, quality, efficiency, and competitiveness.

By 2012 all 56 rural communes will meet the standards adopted for the new national rural areas.

Areas like the Can Gio submerged forest and other forests in Binh Chanh and Cu Chi Districts will remain protected.

The plan also targets reducing poverty to 7-8 per cent by year.

By 2015 the city's population will be 8.2 million, excluding migrants.

The plan also targets basically mitigating the flooding caused by rains and high tides in the city centre by 2015.

It envisages economic growth of 10-10.5 per cent in 2011-15 and 9.5-10 per cent in 2016-20. — VNS

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