Ho Chi Minh City is targeting a GDP growth of at least 10 percent next year on expectations of an economic recovery.

Le Hoang Quan, chairman of the city People’s Committee, said the city would take different measures to further reduce poverty and improve living conditions for its residents.

The city plans to keep unemployment rate under 5.1 percent and cut paperwork by 30 percent next year, he said.

HCMC is expected to post a GDP growth of between 7.5 and 8 percent this year, down from 10.7 percent in 2008.

Reported by Minh Nam