Ho Chi Minh City targets to raise national GDP share to 40% by 2030

HCM City targets to increase national GDP share to 40% by 2030

Ho Chi Minh City, the biggest economic locomotive of Viet Nam, targets to increase its GDP share to 40 percent and per capita GRDP to about US$14,500 by the end of this decade, according to the Resolution.

By 2030, the southern metropolis is expected to become a civilized, modern, dynamic and creative city with high quality human resources, according to the resolution.

It will be developed into a modern service-industrial city and take the lead in digital economy and digital society.

The city is also envisioned to soon become a center of economy, finance, services, culture, education-training, science-technology, and innovation in Southeast Asia and Asia while having its competitiveness comparable to global cities'.

By 2045, the city is expected to become comparable to major cities around the globe; heading to become an economic, financial, and service center of Asia.

It will be a nucleus of the Ho Chi Minh City region and Southeast Asian region, a growth pole of the whole country; and a magnet for financial institutions and international economic groups.

In 2022, HCM 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 in 2022 reached nearly US$7,000, double that of the country's average./.