Southern hub set for double-digit growth next year

Published: 25/11/2008 05:00

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Update from: http://www.thanhniennews.com/politics/?catid=1&newsid=44055

Ho Chi Minh City has set an economic growth target of more than 10 percent for 2009.

The target was set at a meeting of the municipal Party Unit’s Executive Committee Tuesday, called to review the city’s social and economic developments.

The meeting heard that of the 20 targets set last year, 15 had been achieved, including export revenues and unemployment reduction. Further details were not available.

This year, the city’s economic growth rate is expected to reach 11 percent.

According to a report released at a regular meeting by the municipal People’s Committee in late September, the city’s growth rate in the first nine months of the year was 10.5 percent.

The municipal government also set 2009 as the “Year of Civilized Urban Lifestyle.”

Le Thanh Hai, municipal Party Unit Secretary, said the city’s main problems this year including delayed progresses of public projects, increasing traffic gridlocks, flooding, pollution and cooking safety issues.

Hai said local authorities should act quickly to resolve the ongoing problem of slow resettlement and unsatisfactory compensation for people subject to relocation orders to make way for public projects.

He singled out the Thu Thiem New Urban Area and Ben ThanhSuoi Tien Metro Route as projects that needed to quickly fix compensation and resettlement issues.

Hai said the city would soon have new policies to facilitate land compensation in a way that benefited residents.

The city government will also launch anti-flood programs, give tax breaks to needy businesses and allocate more land to social housing projects for workers and students, he said.

Reported by Minh Nam

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