HCMC to develop into major Asian city

On May 26, Deputy Prime Minister Le Van Thanh approved the task of planning for Ho Chi Minh City in the 2021-2030 period and vision to 2050. The city is to become a major economic, commercial, scientific - technological, and cultural center in Southeast Asia by 2030 and among Asia’s economic and financial centers by 2045. The plan clearly specifies developing key sectors such as industry, services, and agriculture, in which industry will develop towards high-tech applications and smart factories and shift from outsourcing and assembly to manufacturing.