Thanh Hoa City is the capital and only major urban center of Viet Nam’s third largest but second poorest and second most populous province of Thanh Hoa. With a population of 200,000 in 2008, rising by 1.9% per year, it was one of the 11 class II secondary cities targeted by government for development to limit migration to Hanoi and Ho Chi Minh City.
A healthy level of private investment is essential for Viet Nam to achieve the 7%–8% annual economic growth rate and the 8 million new jobs it has targeted under the Socio-Economic Development Strategy, 2011–2020. Increasingly, such contribution is expected to come from the domestic private sector, largely composed of small and medium−sized enterprises (SMEs).
Tourism is one of the most dynamic sectors of the world. With total global demand reaching $7 trillion in 2007, it accounted for around 10% of the global gross domestic product and employed 240 million people. International tourist arrivals exceeded 880 million, with total receipts estimated at $700 billion.
In 2005, the agriculture sector of Viet Nam accounted for 21% of gross domestic product, after growing at an annual average rate of 4.1% over the preceding 10 years. It also accounted for around 30% of the value of exports and 60% of employment.
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