HCM City chases greater GDP growth
HCM City chases greater GDP growth
HCM City authorities will help businesses accelerate farming, business and production activities to attain a gross domestic product (GDP) growth rate of 9.5 per cent for 2013.
In the first six months of the year, the southern economic hub maintained a stable economy with GDP growth rate of 7.9 per cent.
This was revealed at the 14th meeting of the ninth HCM City Party Committee, which was attended by Le Hoang Quan, deputy secretary of the city's Party Committee and chairman of the HCM City People's Committee, among others.
The figure includes a 9.1 per cent growth rate for the service sector, a 7 per cent per cent for the agricultural sector, and a 6.2 per cent for the industrial and construction sectors.
Quan said that in the first half of the year, the city's economy had been developing on the right track, resulting in a low Consumer Price Index rate and a stable financial market that had helped curb inflation.
The city had also made significant progress in social and cultural areas, while social welfare was ensured, he stressed.
The city had also helped improve other areas that had hurt the economy, including the high number of suspended businesses, the stagnant securities and property markets, large volumes of inventories, the narrow access to bank loans, bad debts, and the slow re-structuring of State-owned enterprises.
To realise targets set for 2013, in the second half of the year, the city will carry out policies on tax reduction, exemption and extension in accordance with the Government's decisions.
The re-structuring of State-owned enterprises will be accelerated together with the rearrangement of the local economy with an aim to improve quality, effectiveness and competitiveness.
The city will also have more investment, business, tourism and service promotions and better provide businesses with information about potential markets. The current market stabilisation programme will also be improved.
Quan said that monetary policies would also be carried out carefully and effectively with concerned ministries.
In addition, efforts will be taken to manage revenues and prevent losses for the State budget.
He added the city would better manage investment funds from the State coffers, while giving priority to major infrastructure projects.
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