Ho Chi Minh City economic growth in 2019 estimated at 8.32%

Sunday, 2019-12-01 16:48:36
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Politburo member and Secretary of Ho Chi Minh City Party Committee Minh Nguyen Thien Nhan speaks at the conference. (Photo: voh.com.vn)
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NDO - The Ho Chi Minh City Party Executive Committee for the 2015-2020 term held its 34th conference on November 29-30, under the chair of Politburo member and Secretary of Ho Chi Minh City Party Committee Minh Nguyen Thien Nhan.

The conference discussed the contents of a summary report on the implementation of Conclusion No.409-KL/TU on December 27, 2018, of the City Party Executive Committee on the economic, cultural and social situation in 2019, and also assessed the prospects of fulfilling the targets and tasks of the 10th Party Congress of Ho Chi Minh City as well as set out key objectives, tasks and solutions in 2020.

Delegates also gave opinions on the reported results from two years of implementation of the Politburo’s Conclusion No.21-KL/TW on October 24, 2017, on preliminary review of five-year implementation of Resolution No.16-NQ/TW on the directions and tasks for city development to 2020; preliminary report on the two-year implementation of Resolution No. 54/2017/QH14 on November 24, 2017, of the National Assembly on piloting specific development mechanisms and policies for Ho Chi Minh City.

The city's economic growth has been estimated at 8.32% for 2019, higher than that of the previous year. This is an important premise to complete the task for the whole term of 2015-2020. The city's economic development rate compared to the whole country is 23.97% and continuing to increase. At the same time, the city’s labour productivity continued to reach nearly triple that of the country. Budget revenue this year is estimated at VND412 trillion (over US$17.8 billion), exceeding the plan by 3.3%.

Speaking at the conference, Politburo member and Secretary of Ho Chi Minh City Party Committee Nguyen Thien Nhan emphasised that the city should consider selecting topics to attach to the next term, with a focus on cultural factors.

Particularly in 2020, the city should consider and build four groups of a development programme, including pushing strong innovation in city management; creating breakthrough developments in city infrastructure; accelerating the development of enterprises, creative start-ups, and the city’s key products; and developing human resources and promoting the city’s culture.