Le Hoang Quan, Chairman of the Ho Chi Minh City People’s Committee has asked the city’s departments, agencies and businesses to make a greater effort to overcome difficulties to reach a GDP growth of 7.5-8 percent.
He told participants in a conference on October 26 that the City is now focused on implementing stimulus measures, promoting production and export activities, improving competitiveness and exploiting the domestic market and other advantages.
The City is also speeding up implementation of capital construction projects, supervising and cutting down ineffective and unnecessary public projects to raise the effectiveness of investments and to ensure the quality of the projects, chairman Quan said.
He noted that in the first ten months of 2009, the value of industrial output increased by 7.2 percent, the retail and service revenue by 18.6 percent, capital construction by 17.8 percent and the value of agro-forestry-fishery output by 6.8 percent compared to last year’s corresponding period.