Thailand
Vietnam: City eyes $9,800 per capital income by 2020
Vietnam: City eyes $9,800 per capita income by 2020
Thursday, 4 August 2016 – HCM City’s leaders and newly-elected lawmakers yesterday began a three-day session of the People’s Council to discuss socio-economic targets amid many complaints about extended flooding, traffic jams and pollution.
The country’s biggest city has set itself a per capita income target of US$9,800 by 2020, Lê Thanh Liêm, Deputy Chairman of the People’s Committee, announced along with other targets.
Currently the annual per capita GRDP is over $5,000.
The city targets average annual growth of 8-8.5 per cent, with the services sector contributing roughly 60 per cent of its GRDP by 2020.
The city hopes to create 625,000 jobs over the next five years, bringing down the unemployment rate to below 4.5 percent by 2020. Read More?