HCM City calls for investment in support industry
Ho Chi Minh City has considered the development of hi-tech and support industries as the key to economic restructuring and growth model shift by 2015.
Le Manh Ha, Vice Chairman of the municipal People’s Committee was speaking at a seminar which was co-organised by the Investment and Trade Promotion Center (ITPC) and the municipal Hi-tech Park Management Board in HCM City on April 16.
The city is set to increase the export value of hi-tech products, which will account for 30 percent of its GDP and adopt preferential policies for businesses operating in hi-tech and support industries, Ha said.
As the country’s largest economic hub, HCM City aims to increase the rate of locally-made contents in manufactured product to 25 percent by 2015 and 40 percent by 2020, and achieve US$10 billion in export revenue by 2015.