HCM City targets 12-12.5% GDP growth in 2007
HCM City People�s Committee expects to achieve a gross domestic product (GDP)
growth rate of 12-12.5% next year in comparison with this year�s target of 12%.
State budget revenue, crude oil excluded, will be 14% higher than the expected
figure in 2006. The total capital mobilization for investment will reach VND70
trillion, an increase of 12.9% from this year.
city will continue to encourage the participation of all individuals and
organizations in social activities; strengthen State management capacity and
expand autonomy for cultural, healthcare, educational and sport organizations.
quality of activities in education, healthcare, sport, labor, social affairs,
television and radio, vocational and talented student training will be further
Current social programs such as reducing crimes; drug abuse and prostitution;
building charitable houses for the poor and policy families; and training skills
and providing jobs for former drug users will be expanded.
city reported a 10.5% GDP growth rate in the first half of this year. It will
try to boost economic growth in the second half to achieve the year�s growth
target of 12%.
(Source: The HCM City People's Committee)