TPO - A representative of the Department of Planning and Investment of Ho Chi Minh City said that in building a scenario for Ho Chi Minh City's economic growth to reach double digits this year, the GRDP growth rate is expected to reach over 10%, with an average income per capita of about 8,500 USD. In 2024, the average income per capita in Ho Chi Minh City will be 7,600 USD/year.
TPO - A representative of the Department of Planning and Investment of Ho Chi Minh City said that in building a scenario for Ho Chi Minh City's economic growth to reach double digits this year, the GRDP growth rate is expected to reach over 10%, with an average income per capita of about 8,500 USD. In 2024, the average income per capita in Ho Chi Minh City will be 7,600 USD/year.
The challenge is huge.
The Ho Chi Minh City People's Committee has just issued Directive 19 on strengthening administrative discipline and determination to complete the socio-economic development tasks in 2025. Accordingly, the Ho Chi Minh City People's Committee will focus resources on realizing the target of increasing the total local product (GRDP) by over 10%, striving to complete and exceed 22 socio-economic development targets in 2025.
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Ho Chi Minh City strives for a GRDP growth rate of over 10%, with an average income per capita of about 8,500 USD. |
A representative of the Department of Planning and Investment of Ho Chi Minh City said that Directive 19 mentioned the development of a scenario for Ho Chi Minh City's economic growth to reach double digits, in which the GRDP growth rate is expected to reach over 10%, and the average income per capita will reach about 8,500 USD. In 2024, the average income per capita in Ho Chi Minh City will be 7,600 USD/year.
“For Ho Chi Minh City to achieve double-digit growth is a huge challenge, requiring the efforts of the entire political system, the companionship of businesses, the support and facilitation of central agencies and the consensus of the people. To achieve this breakthrough speed, Ho Chi Minh City needs to mobilize at least VND600,000 billion, of which non-state capital sources are about VND488,000 billion,” said a representative of the Ho Chi Minh City Department of Planning and Investment.
Based on the Prime Minister's decision to approve the planning, Ho Chi Minh City will deploy a plan to implement the planning for the 2021-2030 period, with a vision to 2050, as a basis for implementing projects in the area.
The Department of Planning and Investment mentioned the possibilities and some tasks that need to be focused on in 2025 to attract social investment capital for each capital source. Specifically, for State investment capital, it is expected to account for 25% of total social investment capital in 2025, equivalent to 112,000 billion VND. State investment capital will include public investment capital and other capital sources.
Do a series of big projects
According to the 2025 public investment plan approved by the Ho Chi Minh City People's Council, it is expected that in 2025, Ho Chi Minh City will implement public investment projects with a total estimated capital of over VND 84,000 billion.
To ensure the mobilization and disbursement of the above capital this year, Ho Chi Minh City needs to focus on allocating all public investment capital in the first quarter of 2025, completing project approval procedures no later than January to serve as a basis for capital allocation according to the 2025 public investment plan. In particular, Ho Chi Minh City not only shortens 30% of the time to handle procedures related to public investment projects but also handles them within 1-3 working days upon receiving the dossier...
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Ho Chi Minh City is expected to attract VND178,000 billion (equivalent to USD7 billion) in 2025 through three forms, including new projects, expansion investment, and M&A. |
Regarding PPP investment capital in 2025, Ho Chi Minh City plans to implement 10 projects under the public-private partnership model with a total investment of about VND100,000 billion. Ho Chi Minh City continues to promote investment attraction in the fields of health, education, sports... with a list of 41 projects calling for investment.
Regarding private investment capital, about VND 488,000 billion will be mobilized, including FDI capital and capital from domestic investors. Based on the actual situation in 2024 and the progress of preparation for implementation of a number of large investment projects, it is expected that in 2025, VND 178,000 billion (equivalent to 7 billion USD) will be attracted through 3 forms, including new projects, expansion investment, and M&A.
According to the Department of Planning and Investment of Ho Chi Minh City, to achieve the goal of attracting private investment capital in 2025, Ho Chi Minh City needs to focus on implementing important projects, programs, and projects, including determining the planning and implementing investment procedures for 11 areas following the TOD model orientation on a total area of more than 1,100 hectares.
In addition, Ho Chi Minh City needs to promote procedures to implement the Vietnam International Financial Center project; infrastructure development project, coastal road project research; urban railway project; Thu Thiem - Long Thanh railway project; Logistics Center development program; International Fair - Exhibition Center...
In 2024, Ho Chi Minh City will be the first locality to reach a budget revenue of over VND 500,000 billion, and will be one of the localities with large revenues and contribute a lot to the national budget. Specifically, the budget revenue of Ho Chi Minh City in 2024 assigned by the Ho Chi Minh City People's Council is VND 482,851 billion. This is the first year in history that Ho Chi Minh City is the first and only locality to date to reach over VND 500,000 billion. In 2025, Ho Chi Minh City was assigned by the Central Government a state budget revenue estimate of VND 506,670 billion, accounting for 25.76% of the total revenue estimate of the whole country, an increase of 4.97% compared to the estimate in 2024.
Source: https://tienphong.vn/thu-nhap-binh-quan-dau-nguoi-tphcm-sap-dat-8500-usd-post1708652.tpo
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