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Jul 04, 2016 / 11:39

HCM City to strive to become a major economic centre in the region

HCM City will strive to become a major centre of economics, finance, commerce and sci-technology in Southeast Asia by 2020, Secretary of the municipal Party Committee Dinh La Thang said at the ceremony held on July 2.

Ho Chi Minh City held a solemn ceremony to mark the 40th anniversary of the day Saigon-Gia Dinh city was officially named after the late President Ho Chi Minh on July 2.
 
President Tran Dai Quang speaks at the ceremony.
President Tran Dai Quang speaks at the ceremony.
Attending the event were President Tran Dai Quang; the former State Presidents Nguyen Minh Triet, Truong Tan Sang; the former Prime Ministers Phan Van Khai, Nguyen Tan Dung and Deputy Prime Minister Truong Hoa Binh.
Speaking at the ceremony, Secretary of the municipal Party Committee Dinh La Thang spotlighted HCM city’s huge achievements in economic development.
At present, the city’s economic scale has expanded strongly, reaching 975 trillion VND (over 43.8 billion USD) from over 2.5 billion VND (112,500 USD) years ago.
Citizens earn an average per capita income of 5,538 USD per year by the end of 2015, up 73% compared to the level reported in 2010. The gap in the standard of living among population groups has been narrowed to 6.6 times in 2014 from 10 times in 1992.
Secretary Thang vowed that the authorities will proactively propose appropriate policies and mechanisms for its development targets as well as generating a driving force for the development of the entire southern region and the whole country as well.
The  Secretary  stressed that the city will strive to become a major centre of economics, finance, commerce and sci-technology in Southeast Asia by 2020.
Addressing the event, State President Tran Dai Quang highlighted great achievements made by the city over the last 40 years, especially in economic growth expansion, investment attraction, and urban management and development.
The President praised efforts of the city’s Party organisation and authorities in fostering creativeness, and taking measures to overcome difficulties and challenges to reap important successes across the board, importantly contributing to the national reform, construction and defence.
President Quang noted that the municipal authorities have always attached importance to keeping a balance between economic growth and cultural development, while promoting social advancement and equality.

 
At the event
At the event
HCM City also made remarkable improvements in education-training, health care, sci-technology, social security, and the administrative reform, he added.
The State leader required the city to fully tap its creativeness and initiatives in order to build the strong Party organisation towards creating a synergy between the whole political system and people.
President Quang affirmed that HCM City needs to come up with new, breakthrough models and solutions to deservingly be a key driver of the national economy.
He also underlined the need for the city to enhance international cooperation and intensify scientific research and technological applications.