Digital transformation to contribute 25% of HCM City's GRDP by 2025

By 2025, digital transformation will contribute 25% of HCM City's gross regional domestic product (GRDP), said Chairman of HCM City People's Committee Nguyen Thanh Phong.

Chủ tịch TP.HCM: Chuyển đổi số đóng góp 25% GRDP của TP vào năm 2025

Chairman of HCM City People's Committee Nguyen Thanh Phong

Per capita GRDP to reach US$37,000 by 2045

During a recent discussion about development goals included in a draft document of the 13th National Party Congress, HCM City Chairman Nguyen Thanh Phong said the city has identified three specific targets:

By 2025: HCM City will become a smart city with modern industrial and service development; will be the motivation of the Southern key economic region and the whole country; will be at the forefront of innovation, with good quality of life.

By 2030: HCM City will be the center of economics, finance, trade, science - technology and culture of Southeast Asia, with GRDP per capita of about $13,000.

By 2045: The city will become the economic and financial center of Asia, with sustainable development, high quality of life, GRDP per capita of about $37,000, attracting tourists from around the world.

According to Mr. Phong, in the 2020 - 2025 term, the city has set out 26 development targets in five areas, including: The average GRDP growth rate is about 8%; the digital economy contributes about 25% of the city’s GRDP by 2025, 40% by 2030; the average labor productivity growth rate reaches 7% annually.

To achieve those goals, Mr. Phong said that it is necessary to strongly apply science - technology and innovation to quickly develop key economic sectors.

In particular, the foremost importance is to implement the project to develop Ho Chi Minh City into a regional and international financial hub.

Other measures include taking advantage of the opportunities of the fourth industrial revolution, drastically developing the digital economy, the sharing economy, and the circular economy; encouraging the production and export of high-tech products, software and digital products;

Turning the new city of Thu Duc into a new growth pole for the city and the whole region on the basis of developing a highly interactive, creative urban area in the East of the city; focusing on agricultural development towards a modern and sustainable urban agriculture in association with agricultural restructuring and building a new countryside.

Maximizing the advantages of marine economy and coastal area. This is a new economic development direction associated with environmental protection of the city.

Socio-cultural development is synchronized with economic development, serving as a foundation for the city to develop sustainably.

In particular, focus on training high-quality human resources with international qualifications in eight priority areas (IT - communications, mechanics - automation, artificial intelligence, corporate governance, finance - banking, health, tourism and urban management); continue to promote the city’s role as an education and training center of the country.

Development of science - technology and innovation is the main driving force for socio-economic development; priority is given to the application of artificial intelligence (AI), 5G technology and post-5G.

 

“In particular, building the city into a Ho Chi Minh cultural space, where the thought, morality, style and career of President Ho Chi Minh always exist, becoming a spiritual asset, typical cultural values of the people, officials and party members of the city that is named after President Ho Chi Minh," Mr. Phong said.

Planning must be considered as an important tool to manage and administer socio-economic development, he said.

In addition to developing social housing projects, the city will focus on attracting investment in the construction of new urban areas, such as: the creative high-interaction urban area in the East, Thu Thiem new urban area, Southern urban area, Northwest urban area, Binh Quoi - Thanh Da Urban Area, and Can Gio sea reclamation urban area.

Focus on building a clean and green city, friendly to the environment; focus on developing traffic, reducing flooding, reducing traffic congestion and accidents...

The three breakthroughs

Chủ tịch TP.HCM: Chuyển đổi số đóng góp 25% GRDP của TP vào năm 2025

According to Chairman Nguyen Thanh Phong, on the basis of three strategic breakthroughs according to the draft documents of the 13th Party Congress, the city has applied creatively to build three breakthrough programs; and one key program with 51 projects, creating a solid premise for its development, including:

Breakthrough program on management innovation: Implementing management mechanisms and policies suitable to HCM’s position as a special city, which leads the country in many aspects; building an urban government; forming and developing a creative urban area in the East associated with the establishment of Thu Duc City; quickly performing digital transformation, perfecting digital government...

Breakthrough program on infrastructure development: Synchronous development and modernization of the infrastructure system, especially services, telecommunications, digital, industrial, and transportation infrastructure...

Breakthrough program on human resources and infrastructure development: Developing high-quality human resources, reaching international standards in eight fields; development and application of artificial intelligence, and transforming the intellectual potential of human resources into scientific and technological application and creation achievements, effectively serving the socio-economic development tasks.

Key programs for business development, start-ups and key product development: Supporting startups, improving efficiency of cooperation among banks, financial institutions and the local government to finance startups and business development; focusing on development of products and product brands, and increasing the rate of supply of the city’s specific products in the global supply chain.

Ho Van – Bao Anh

HCM City approves transport infrastructure plan

HCM City approves transport infrastructure plan

The People's Committee of HCM City has approved an infrastructure development project for the 2021-30.

More than half of HCM City’s power lines to go underground by 2025

More than half of HCM City’s power lines to go underground by 2025

The HCM City Power Corporation is set to place 500km of medium-voltage cables and 800km of low-voltage cables underground in the next five years.

 
 

Other News

.
The twins who built a sharing platform for young people
The twins who built a sharing platform for young people
FEATUREicon  17/04/2021 

Having experienced a difficult period of time finding directions for the future, a pair of twin sisters decided to establish an online platform to advise and troubleshoot problems for young people who are struggling to find goals for life.

Race for digital transformation: now or never
Race for digital transformation: now or never
FEATUREicon  16/04/2021 

The rules of the game in the future will be "quick fish eats slow fish". Even “giants,” without timely performing digital transformation, may lose ground to “rookies” that are young and agile in the 4.0 technological revolution.

Bach Mai Hospital faces mass resignation of staff
Bach Mai Hospital faces mass resignation of staff
FEATUREicon  16/04/2021 

More than 200 workers at Hanoi-based Bach Mai Hospital, the country’s leading hospital, have resigned from their posts. Some practitioners said they had left because of unreasonable changes in management.

Apartments sales drop, but developers still setting high prices
Apartments sales drop, but developers still setting high prices
FEATUREicon  17/04/2021 

No longer seen as a profitable investment segment, apartments are not selling well as investors have shifted to buy land instead.

Fintechs to partner with telecom carriers to offer Mobile Money
Fintechs to partner with telecom carriers to offer Mobile Money
FEATUREicon  16/04/2021 

The pilot program on providing the Mobile Money service is expected to increase non-cash transactions, especially in remote areas. To improve users' experience, fintechs should work with network operators, experts say.

Digital academy takes shape
Digital academy takes shape
FEATUREicon  17/04/2021 

The initial ecosystem for a digital school is taking shape at the Posts and Telecommunications Institute of Technology (PTIT).

Four questions sparked Quang Ninh's awakening 10 years ago
Four questions sparked Quang Ninh's awakening 10 years ago
FEATUREicon  15/04/2021 

A decade ago, the northern province of Quang Ninh faced bottlenecks in infrastructure development. 

From failed college candidate to physics professor in the US
From failed college candidate to physics professor in the US
FEATUREicon  16/04/2021 

Dr. Nguyen Dong Hai spoke with VietNamNet about his path from a student who failed the university entrance exam in Vietnam to a professor of physics at Tennessee Wesleyan University in the US and his thoughts on pedagogical student training.

Female scientist with PhD in immunology pursues research on rare diseases
Female scientist with PhD in immunology pursues research on rare diseases
FEATUREicon  14/04/2021 

Tran Nguyen Kim Thi is a postdoc majoring in AI usage in medicine at the Huge Kaul Precision Medicine Institute at the University of Alabama in Birmingham (UAB) in the US.

Newly-elected NA Chair faces high expectations to fulfill President Ho Chi Minh's wishes
Newly-elected NA Chair faces high expectations to fulfill President Ho Chi Minh's wishes
FEATUREicon  14/04/2021 

When delivering the closing speech at the NA session, NA Chair Vuong Dinh Hue expressed his belief that newly elected deputies will uphold the spirit of dynamism and creativity, and will dare to think, dare to do, and dare to take responsibility.

What’s behind the 'land fever' phenomenon?
What’s behind the 'land fever' phenomenon?
FEATUREicon  14/04/2021 

The market often cools down when periods of "land fever" end, but then new higher price levels reoccur later.

Vietnam to raise tax on cars with high emissions
Vietnam to raise tax on cars with high emissions
FEATUREicon  13/04/2021 

Experts have suggested imposing high taxes on vehicles and encouraging the use of electric cars.

Government of new term to pursue reform, taking action
Government of new term to pursue reform, taking action
FEATUREicon  13/04/2021 

Former Prime Minister Nguyen Xuan Phuc has left an indelible mark on the socio-economic development of the country. The newly-elected Prime Minister Pham Minh Chinh will continue that strong reform thinking.

“I was moved after being appointed the first female Minister of Home Affairs”
“I was moved after being appointed the first female Minister of Home Affairs”
FEATUREicon  13/04/2021 

VietNamNet talked with Pham Thi Thanh Tra soon after she was elected Minister of Home Affairs.

Six ultra-wealthy people have combined $17 billion
Six ultra-wealthy people have combined $17 billion
FEATUREicon  13/04/2021 

Six Vietnamese businesspeople have been named in Forbes’ list of the world’s richest billionaires.

Vietnam to become ICT powerhouse in next decade
Vietnam to become ICT powerhouse in next decade
FEATUREicon  12/04/2021 

Emphasizing ICT as the field that will lead Vietnam's digital economy, Minister of Information and Communications Nguyen Manh Hung said that we must become an ICT powerhouse not in 2045 but in the next decade (2021-2030).

Quang Ninh Province awakens
Quang Ninh Province awakens
FEATUREicon  12/04/2021 

From mainly relying on coal mining, Quang Ninh rose to become a rich province through the development of tourism and services. But the Covid-19 pandemic has helped Quang Ninh "wake up" and realize its "Asin's heel".

Battery technology will determine race for electric cars
Battery technology will determine race for electric cars
FEATUREicon  13/04/2021 

Only when fast-charging batteries along with a nationwide system of charging stations will electric cars become popular in Vietnam.

When will Vietnam begin to make electric cars?
When will Vietnam begin to make electric cars?
FEATUREicon  12/04/2021 

On March 24, Vinfast made headlines after releasing its statement about receiving orders for its first electric car model VF e34 for VND690 million (about $32,000), to be delivered in the third quarter of 2021. 

The issues of the new government term
The issues of the new government term
FEATUREicon  12/04/2021 

Prime Minister Pham Minh Chinh's government has inherited many legacies, but also faces many challenges, especially in institutional reform, to realize the aspirations of taking the country to new heights of development.

 
 
 
Leave your comment on an article

OR QUICK LOGIN