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A corner of Ho Chi Minh City (Photo: Vietnam+) |
Accordingly, the Southern economic hub aims for an average GRDP growth rate of 8.5% - 9.0% annually within the ten-year period. By 2030, its per capita GRDP at current prices is projected to reach 385 million - 405 million VND, equivalent to 14,800 - 15,400 USD.
Key economic targets include maintaining the service sector’s share of GRDP at above 60%, the industrial and construction sector around 27% (with manufacturing contributing 22%), and agro-forestry-fisheries approximately 0.4%. The digital economy, meanwhile, is expected to account for over 40% of GRDP.
The city population is estimated at 11 million by 2030 and 14.5 million by 2050. Labor productivity growth is targeted at 7% annually, with its human development index (HDI) exceeding 0.85.
Urbanization is set to surpass 90% by 2030. Efforts will focus on doubling the city’s poverty threshold relative to the national standard and eradicating poverty based on national criteria by the decade’s end.
The plan notes the formation of concentrated agricultural zones and high-tech agricultural areas in Ho Chi Minh City's Northwest, Southwest, and Southern localities. It also includes the reforestation of some 200 hectares in Can Gio district’s protected forests and the development of a fisheries hub there to support deep processing and port operations.
The city plans to advance core industries such as design and manufacturing of electronic components, integrated circuits, flexible electronics, chips, advanced batteries, new materials, clean energy, and renewable energy, along with biochemistry, pharmaceuticals, and semiconductor materials production. Additionally, existing sectors, including footwear, apparel, and furniture, will undergo restructuring to increase value-added output.
Also poised to become a leading e-commerce hub in the Southeastern region, Ho Chi Minh City plans to enhance retail channels while professionalizing and digitizing wholesale supply chains.
Source: VNA