Hanoi, Dec. 8 -- Ho Chi Minh City People's Committee has proposed a growth target of 7.5-8% for its Gross Regional Domestic Product (GRDP) in 2023.

At the meeting of the municipal People's Council on December 7, Vice Chairwoman of the city People's Committee Phan Thi Thang said that the city could have both opportunities and challenges in socio-economic development next year but more difficulties and challenges are expected and it's hard to predict them.

The city will continue to focus on administrative reform, increase the efficiency of public services, and improve the business environment, she said.

Thang added that the city authorities will continue to remove bottlenecks, make use of resources, mobilise various investment capital so...