Vietnam metro wants focus on GDP growth rate

TN News

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Ho Chi Minh City People's Committee Chairman Le Hoang Quan on Monday asked local agencies to facilitate efforts to increase the city's gross domestic product (GDP) growth rate to around 11 percent from last year's 8.5 percent.

The city will also issue a plan to stabilize prices of essential goods this year, he told a municipal meeting.

Officials at the meeting said there were positive social and economic changes in the first quarter of this year, like a year-on-year increase of 14.5 percent in industrial output.

Quan said another important task that the city should focus on this year is the simplification of administrative procedures. 

A meeting last week heard HCMC wants to simplify 1,770 administrative procedures this year, eliminating several hundreds and amending others.

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