Vietnam HCM City's 2013 GDP per capita to reach $4500

Vietnam's southern Ho Chi Minh (HCM) City is expected to see its gross domestic product (GDP) growth at 9.3 percent and GDP per capita at 4,513 U.S. dollars in 2013. The figures are released by the City's people committee chairman Le Hoang Quan at the ongoing online conference between the Vietnamese government with localities' leaders nationwide on Monday and Tuesday. According to HCM City's mayor, the local residents' average income has increased along with the production recovery in the city, which is the country's largest economic hub. Specifically, each resident in HCM City witnessed an average income of 4,513 U.S. dollars in 2013, higher than the projected target at 4,200 U.S. dollars, and also more than last year's figure at 3,600 U.S. dollars. The city has fulfilled 21 out of 25 targets set for its social and economic development in 2013, thanks to great efforts made by the entire community, reported the mayor. Meanwhile, Vietnam's GDP growth is forecast to reach 5.4 percent in 2013, and GDP per capita at about 1,960 U.S. dollars, according to a report by the Vietnamese Prime Minister Nguyen Tan Dung at the Vietnam Development Partnership Forum held in early December.