Ho Chi Minh City Aims for 7.5% Growth in 2024

Ho Chi Minh City is setting its sights on achieving a Gross Regional Domestic Product (GRDP) growth ranging from 7.5% to 8% in the coming year, aiming for recovery after facing economic challenges and slower growth in the current year. Despite an estimated growth of 5.8% this year, falling short of the targeted 7.5-8%, Deputy Chairman Vo Van Hoan stated the city’s aspirations during a meeting on Wednesday.

As Vietnam’s economic hub, Ho Chi Minh City plans to attract 6 million international tourists, generating a tourism revenue of VND190 trillion ($7.82 billion) in the next year. Additionally, the city aims to advance its digital transformation by implementing a comprehensive system connecting all offices and endeavors to achieve a 95% satisfaction rate among citizens for public services.

Other targets include the creation of 140,000 new jobs, with 87% of workers obtaining a training certificate. The city also aims for a per capita housing space of approximately 22 square meters per person.