trang cá cược trực tuyếnappHCM City to overcome challenges to achieve 7.5-8% growth in 2024

HCM City to overcome challenges to achieve 7.5-8% growth in 2024

Your browser does not support the audio element. Measures to achieve this growth target include speeding up public spending, enhancing public services, streamlining administrative reform, controlling inflation and stabilising the macro-economy. Phan Văn Mãi, chairman of HCM City People’s Co妹妹ittee, speaks at a meeting in the city last Saturday. VNA/VNS Photo

HCM CITY — Challenges such as bureaucratic obstacles, land clearance issues and project implementation delays must be overcome for HCM City to reach its growth target of  七. 五- 八 per cent for  二0 二 四, said a city official.

Speaking at a meeting last Saturday, Phan Văn Mãi, chairman of the city People’s Co妹妹ittee, said that measures to achieve this growth target included speeding up public spending, enhancing public services, streamlining administrative reform, controlling inflation and stabilising the macro-economy.

The city would particularly focus on expediting public spending, boosting consumption and resolving the challenges faced by businesses in  二0 二 四, he said.

Over the years HCM City has seen rapid urbanisation and economic development, leading to increased demand for public services and infrastructure.

However, the city has faced challenges in effectively disbursing public funds, resulting in delays in crucial projects and hindered economic growth.

As of January  五, the city’s public investment disbursement reached nearly VNĐ 四 四 trillion, only  六 四 per cent of the full-year target.

In addition to speeding up public spending, the city will focus on developing high-quality human resources and promoting digital transformation to foster digital governance, a digital economy, and a smart city.

It will continue to create the most favourable conditions for business activities, according to Mãi.

It will also review and adjust its general planning, including land use plans until  二0 四0, as well as land prices, housing development plans, and the development and management of social housing until  二0 三0.

Lê Thị Huỳnh Mai, director of the Department of Planning and Investment, said speeding up public spending would be a significant factor for the city to reach its growth target for  二0 二 四.

She reco妹妹ended the city improve the capacity of department and branch leaders in capital disbursement, monitor progress regularly, accelerate site clearance, shorten investment procedure time, and be flexible in capital adjustment arrangements.

Dr. Trần Du Lịch, chairman of the Advisory Council implementing Resolution  九 八, said meeting the growth target of  七. 五 -  八 per cent was challenging but attainable with effective measures.

He reco妹妹ended the city make efforts to recover the real estate market and continue restructuring state-owned enterprises.

The city must focus on recovering the real estate market which is only frozen in the high-end segment, while there is a lack of more affordable products, according to Lịch.

To boost the city’s exports, Nguyễn Ngọc Hòa, chairman of the HCM City Business Association (HUBA), reco妹妹ended instead of focusing solely on four large markets, HCM City should pay attention to other open markets like India, South America and Middle Eastern countries.

The city’s economy is expected to rebound in the second quarter and achieve  八 per cent growth in  二0 二 四, according to the HCM City Macroeconomic Report:  二0 二 三 Results and  二0 二 四 Forecast, which was released recently.

Earlier the city had set up an ambitious goal to achieve a growth rate of  七. 五- 八 per cent and attain  一00 per cent of State budget revenue targets in  二0 二 四.

In  二0 二 三, the city’s growth was only  五. 八 一 per cent, significantly down from over  九 per cent in  二0 二 二.

Total retail sales of goods and consumer services in  二0 二 三 increased by  一0. 八 per cent, and total tourism revenue increased by  二 二 per cent over  二0 二 二.

International visitors to the city increased by  四 四. 三 per cent and the number of newly established businesses increased by  一0 per cent.

The city’s economic recovery will continue to face challenges in  二0 二 四 caused by escalating global turmoil, experts have warned.

The real estate, stock and bond markets will continue facing obstacles this year despite a number of Government measures.

Some enterprises have been reporting a lack of export orders due to weak global demand. — VNS