The HCM City government will define the economic and social growth of the city from next year based on 15 statutory indicators that reflect the quality and standard of living of its citizens. Identifying the 15 indicators will be a new step for evaluating the quality of life in the city, according to a recent meeting of the city government.
The new approach considers the quality of the economy and the improvement of the people’s livelihood as the more decisive factors than the merely figure-based growth. “The new approach will make it easier for the city to set suitable strategies in social and economic growth,” said HCM City Chairman Le Thanh Hai.
Hai told the meeting that the indicators proposed by the HCM City Economics Institute and the Statistics Bureau will be taken into consideration for analysing growth. The two institutions proposed the new indicators after conducting surveys on economic and social situations in the city.
|Following are the 16
|1||Gross domestic product (GDP) growth|
|2||Value growth of the service sector, the manufacturing-construction
sector, and agriculture
|3||Export earnings growth of manufactured products|
|4||Investment for development as a percentage
|5||GDP per worker|
|7||Spending from the state budget|
|8||Population growth rate|
|9||New jobs created for citizens in the year|
|11||The proportion of households supplied with
|12||The proportion of citizens using public transport
|13||The proportion of poor households (with monthly
income of less than US$10)
|14||The proportion of school-age children attending
|15||The number of graduates from tertiary and vocational
|(One of the indicators will be left
out or mixed with another)