Vietnam’s Ho Chi Minh City all set to become smart metropolis


HO CHI MINH CITY, May 5 (Bernama): Vietnam’s Ho Chi Minh City is to become a smart urban area, maintaining its role as the country’s economic engine, and realise its goal of becoming an economic and financial hub in Asia, experts have said.

Vietnam News Agency (VNA) reported that during a seminar held Wednesday to discuss the city’s development orientations during 2021-2030 and vision to 2045, Chairman of the municipal People’s Committee Nguyen Thanh Phong said that despite Covid-19 last year the city’s economy still grew 1.39 percent with local budget revenue standing at more than 371 trillion VND (US$16.1 billion), contributing more than 25 percent of the state budget.

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