OVERVIEW & PROSPECT OF HO CHI MINH CITY & VIETNAM
...ds and services in this year reaches VND 90,514 billion (at the constant 1994 prices), increasing by 16% in comparison with that in 2003. GDP per capita is about USD 870 per annum; and that adjusted by PPP method is over 4,000 per annum. According to the statistics, the city-dwellers spend some 45% of their income on consumption. The city contributes 2.54% to the growth rate of 7.7% of Vietnam in 2004. The contribution of Ho Chi Minh City to the total GDP of Vietnam has increased from 16.7% in 1996 to 21.9% in 2004. The growth rate of the urban economy is usually at 2 - 4% higher than that of the whole country. The total investment capital in the city is VND 42,996 billion in 2004, equal to 61.3% GDP, an increase of 15.6% compared with that in 2003; of which 65.9% is invested in the service industry. The investment of private sector accounts for 61.67%, that of State-owned investment is 33.73% and that of FDI is 14.6%. - There has been a steady rise in the number of loc...