HCMC: Development of industry, trade attaches with regional economy, innovation

Vice Chairwoman of the People's Committee of Ho Chi Minh City Phan Thi Thang chaired the meeting for the approval of the implementation plan for the year 2021 of the Department of Industry and Trade with the attendance of representatives of departments and industries of the city.

Reporting at the meeting, Mr. Bui Ta Hoang Vu, Director of the Department of Industry and Trade of HCMC, said that the industry and trade of the city would strive to meet the basic targets this year. Specifically, the index of industrial production would increase by 5 percent, with four major industries surging from 6.7 percent upwards compared to last year. Total retail sales and service revenue in the city would exceed VND835.68 trillion, up 10 percent. Export turnover through border gates across the country would reach US$48.19 billion, up 10 percent. Import turnover would hit $56.47 billion, up 11 percent compared to the estimate of 2020. The city’s industry and trade would upgrade 100 percent of administrative procedures to level 4, supporting people and enterprises in settling administrative procedures, especially in the process of arranging administrative units at district and commune levels and establishing Thu Duc City under the HCMC.

To achieve the above targets, the department will synchronously carry out solutions to contribute to the general goal of industrial and trade development with a fair growth rate, supporting the recovery of economic growth in the city, at the same time, creating strong changes in economic restructuring towards services - industry - agriculture, in which the service sector's proportion in the gross regional domestic product (GRDP) will be maintained at above 60 percent. It will also build and take some measures to develop the industry and trade that foresee the development trend, helping the city to maintain its role as an economic locomotive and the pioneer in innovation nationwide.

The development of the industry and trade will attach with the regional economy, the application of science, technology, innovation, and the in-depth development based on three foundations, comprising developing four key industries, supporting industries, and key industrial products and potential industrial products of the city. The department will develop e-commerce and focus on turning some advantageous products of the city into key export products in the coming time.

As for administrative reform, the department will take the enterprise as the center, and the satisfaction of the people, organizations, and enterprises as a measure of its effectiveness; promote the application of information technology in management and administration activities of the department this year, in which it will research and deploy digitization and paperless meetings.

Vice Chairwoman of HCMC People's Committee Phan Thi Thang highly appreciated the position and role of the city’s industry and trade in deploying and implementing key programs of the city, making an important contribution to the implementation of the "dual goals" of both preventing the Covid-19 pandemic and realizing the city's socio-economic development goals in 2020.

As for the plan for 2021, Ms. Phan Thi Thang agreed on the targets, operational directions, and groups of solutions of the Department of Industry and Trade. The year 2021 is the first year to implement the city’s socio-economic development plan in the 2021-2025 period, and important projects approved by the municipal People's Committee, such as the development project of e-commerce in the city to 2025-2030, logistics development project to 2025-2030, export development project to 2025-2030, programs to support the development of key industrial products and potential industrial products, and continue to restructure the city in the 2021-2025 period. Therefore, the work program needs to clearly state the contents of the work to implement the goals and tasks in 2021, clearly assign the responsibilities of each position and prove by actual results and completion time. There should be a strong breakthrough in the administrative sector to raise the level of people's satisfaction in the implementation process.

Regarding the recommendations of the industry and trade, Ms. Thang approved the policy and assigned the industry and trade to implement two concentrated promotions in 2021 so as to create a boost in attracting domestic and foreign tourists to visit and contribute to building HCMC into a major shopping center of the region and the country. For recommendations related to administrative procedures, the city will prioritize helping enterprises to develop production and business. As for other recommendations, the HCMC People's Committee will organize working sessions to collect opinions of competent departments and give specific feedback to the department. The municipal People's Committee will soon consider and assign personnel to strengthen the leadership apparatus to create conditions for the Department of Industry and Trade to focus on completing the assigned tasks.