Ho Chi Minh City authorities on Monday set the target of the economic growth rate for 2010 at 10 percent.
Meanwhile, the city’s estimated Gross Domestic Product (GDP) in 2009 is only 8 percent, the meeting was told.
HCMC Statistics Office chief, Du Quang Nam, said the city also targeted to keep inflation below 7 percent next year.
A recent study by the U.K.’s PricewaterhouseCoopers (PwC) forecast Vietnam’s two major economic hubs, Hanoi and Ho Chi Minh City, will lead the global list of fastest growing GDP in 2008-2025.
Hanoi and HCMC were ranked in the top spots on the list of the top 30 fastest growing cities in terms of economic growth, with an average real GDP growth rate of seven percent during 2008 to 2025.