HCM City aims for US$70 billion export turnover target by 2025
VOV.VN - Ho Chi Minh City is set to rake in US$70 billion in export turnover by 2025 and US$108 billion by 2030, and maintain an average annual export growth of 9% during the 2026-2030 period.
The target is part of the municipal People’s Committee plan for export development by 2025, with a vision to 2030.
Accordingly, the southern city will maintain and support the development of its key products, while upgrading industry and become involved in global value chains with a particular focus on developing electronics, mechanics, and wood products, which it considers a foundation for its export growth in the coming time.
Additionally, the city is poised to upgrade infrastructure serving export, boost reform and increase the quality of public services directly related to import-export activities for the purpose of providing the best possible services.
By 2030, the city will work out strategies to improve competitiveness of its outstanding export products such as electronics, mechanics, optics, software, and service exports such as finance, tourism and logistics.
Major focus will be on intensifying investment in finance, banking and logistics, setting up logistics service centres, and promoting human resources development.
The southern metropolis' last year export turnover hit more than US$40 billion.