Ho Chi Minh City gross domestic product (GDP) in 11 months increased nearly 12 per cent in comparison with the 11.5 per cent gained last year. The report anticipates that the city’s GDP by year’s end will reach 12.6 per cent, a record for the past decade.
Experts have said the city’s economic growth saw equal contributions from its key sectors: services, industry and development investment.
At a session to review the city’s socio-economic situation in 2007, Prime Minister Nguyen Tan Dung said that economic restructuring remained problematic, skilled and specialised human resources were still far less than demand and administrative reforms had yet to be fully implemented.
“The city’s traffic jams, flooding and social evils are escalating and need to be resolved,” he said.
VietNamNet – Southern hub knocking over its growth targets.