HCM CITY — HCM City has surpassed most of its socio-economic targets for 2024, with projected Gross Regional Domestic Product (GRDP) growth exceeding 7 per cent. Speaking at the opening of the People’s Committee year-end session on Monday, Nguyễn Thị Lệ, chairwoman of the municipal People’s Council, said despite multiple challenges and a growth rate of 7.17 per cent, slightly below the yearly 7.5 per cent target, the city has made significant contributions to the national economy.It is set to reach historic budget revenue of VNĐ502 trillion (US$19.7 billion) this year, up 12 per cent year-on-year and accounting for 27 per cent of the nation’s total revenue.Exports are projected to reach $46.9 billion, up 10.4 per cent.Tourism revenue is expected to hit VNĐ190 trillion in 2024, up 18.8 per cent year-on-year, with international visitors expected to reach 6 million, up 20 per cent over last year.Key infrastructure projects, including Metro Line 1, are nearing completion, and significant progress has been made on national project Ring Road 3. The city has also launched the “Digital Citizen of HCM City” app and improved online services as part of an effort to streamline its administrative reforms.As of the end of October, only VNĐ17.3 trillion has been disbursed, or 22 per cent of the 2024 plan, down 2.3 per cent from last year. Among them are special policies to support tuition fees for the academic year 2024-2025, and assistance for individuals with revolutionary service and their families.It will also review policies to support families impacted by changes in the criteria for identifying poor and near-poor households under a new sustainable poverty reduction programme by 2025. — VNS (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News