Ho Chi Minh City aims to contribute 40% of the country's GDP by 2030

Khanh Minh Monday | 06/05/2023 16:15

Ho Chi Minh City is the biggest economic locomotive of Viet Nam. Photo by VGP.

Vietnam’s biggest city targets to increase its GDP share to 40 percent and per capita GRDP to about $14,500 by the end of 2030, according to a plan implementing Politburo's Resolution.

According to the resolution, the southern metropolis should be civilized, contemporary, dynamic, creative, and have high-quality human resources by 2030. It will become a leading digital economy and social service-industrial city.

Ho Chi Minh City is expected to become a Southeast Asian and Asian hub for economics, finance, services, culture, education-training, science-technology, and innovation with global city competitiveness.

The city is expected to become an Asian commercial, financial, and service hub by 2045. It will become a hub for Southeast Asia, and the nation, attracting financial institutions and foreign economic groupings.

In 2022, the city enjoyed stable growth. The city's GRDP expanded 9.03 percent, making up 22 percent of the country's GDP and 28 percent of the State budget. Its per-capita GRDP was approximately $7,000.

Source: VGP