HCMC Aims for High-Tech Industries to Make Up 40% of GRDP by 2030
City pushes for industrial transformation, focusing on green growth and advanced technologies.
Ho Chi Minh City (HCMC) has set an ambitious goal for high-tech industries to account for 40 percent of its Gross Regional Domestic Product (GRDP) by 2030, according to Phan Van Mai, Chairman of the HCMC People’s Committee. Speaking at the Friendship Dialogue 2024 on September 24, Mai emphasized the necessity of shifting from traditional industries to high-tech and value-added sectors, noting that industrial transformation is vital for the city’s economic future.
Currently, high-tech industries contribute 23 percent of HCMC’s GRDP. The city aims to boost this figure through significant investments in automation, smart factories, and advanced manufacturing technologies. A dual strategy combining green transformation and digitalization is expected to support sustainable and inclusive growth.
Mai highlighted the importance of partnerships between government, businesses, and citizens to facilitate technology transfer and investment in green infrastructure, helping HCMC maintain its economic leadership both nationally and regionally.
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Currently, high-tech industries contribute 23 percent of HCMC’s GRDP. The city aims to boost this figure through significant investments in automation, smart factories, and advanced manufacturing technologies. A dual strategy combining green transformation and digitalization is expected to support sustainable and inclusive growth.
Mai highlighted the importance of partnerships between government, businesses, and citizens to facilitate technology transfer and investment in green infrastructure, helping HCMC maintain its economic leadership both nationally and regionally.
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