Ho Chi Minh City expects to achieve a Gross Regional Domestic Product (GRDP) growth rate of 7.5 to eight percent in 2023, chairman of the municipal People's Committee Phan Van Mai said during a meeting with foreign diplomatic missions and organizations on Monday.

In particular, the service sector will contribute over 60 percent of the city’s GRDP this year.

Mai also expressed hope that the city will maintain its position as Vietnam's leading economic hub and called on foreign diplomatic agencies and organizations to continue supporting it.

At the meeting, Mai said the city’s key missions in 2023 are to improve the effectiveness of public works, administrative reforms, and the investment environment, as well as to boost economic development and ensure social welfare.

He thanked foreign organizations for creating opportunities for the city to attract and take advantage of international resources in its socioeconomic recovery and development after the COVID-19 pandemic, and for supporting the city in implementing plans for 2021-25 and reaching important achievements in 2022.

To hit this year’s targets for GRDP growth, besides its internal resources, the city is in need of companionship from international consulates, organizations, economic-cultural offices, and business associations in order to develop Ho Chi Minh City into a smart city and an economic, financial, trade, science-technology, and cultural hub in the region.

“Ho Chi Minh City’s development will correspond to its role as the leading economic hub of the country, a friendly destination for international friends, and a locality with favorable conditions and potential for foreign enterprises, investors, and citizens to live and work for a long term,” Mai added.

Roy Kho Ngee Seng, Singaporean Consul General in Ho Chi Minh City, affirmed that the Consulate General wants to continue cooperating with the city in culture and art exchange, education, public administration, healthcare, green economy, and digital economy.

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