HCM City issues four-year socio-economic recovery, development plan
Ho Chi Minh City has issued a socio-economic recovery and development programme in the 2022-2025 period, with recovery stage from now to the end of 2022 and development period from 2023-2025.
HCM City (VNA) – Ho Chi Minh City has issued a socio-economic recovery and development programme in the 2022-2025 period, with recovery stage from now to the end of 2022 and development period from 2023-2025.
In the recovery period, the city will deal with consequences left by COVID-19, speeding up socio-economic recovery in parallel with safe, flexible adaptation to and effective control of the pandemic.
Along with settling the disruption of supply chains, the city will prioritise giving resources to sectors and economic motivations, while striving to complete the public investment disbursement plan for 2022 and effectively implement support packages.
In the development stage, the city will continue to focus on pandemic control and coping with bottlenecks for fast and sustainable development. It will concentrate on optimising its strengths as an economic, financial, trade, logistics, tourism and renovation centre.
To this end, HCM City will apply a number of solutions, including optimising resources, especially human resources and land use for development.
A main street in HCM City. (Photo: VNA)
At the same time, it will implement major projects to complete the transport system to foster regional connectivity,
It will will implement an action plan to attract domestic and foreign investment to build the international financial centre, while developing Thu Duc city into a renovation centre and a growth pole.
Major resources for the socio-economic recovery and development programme in the 2022-2025 period include the fiscal and currency support policies approved by the National Assembly.
It will exploit incomes from land use for socio-economic development, while proposing the allocation of public investment capital to infrastructure projects that are important to development and regional connectivity, as well as building policies to create favourable conditions for the equitisation and divestment of State-owned enterprises. Income from the firms’ equitisation is expected to reach over 52.66 trillion VND (2.31 billion USD).
It will also mobilise resources from the society through public-private partnership, while asking for more support packages from the Government to assist COVID-19-hit businesses./.
The luxury and mid-priced apartment segments will continue to lead the market in 2022, while affordable apartments will remain scarce, according to property consultant DKRA Vietnam Joint Stock Company.
Prime Minister Pham Minh Chinh on January 18 chaired a meeting with representatives of relevant ministries, sectors and of Hanoi, Bac Ninh and Hung Yen on the investment policy for the Ring Road No.4 project in the Hanoi Capital Region.
Export revenue recorded by businesses in Ho Chi Minh City reached 44.9 billion USD last year, up only 1 percent from 2020, partially due to impacts of the COVID-19 pandemic, heard a conference jointly held by the US Agency for International Development (USAID) and the municipal Department of Industry and Trade on January 18.
President Nguyen Xuan Phuc on January 19 attended a ceremony to open the main road of Trung Luong-My Thuan expressway, a key route linking the Mekong Delta with Ho Chi Minh City and localities in the southern key economic region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
A aerial view of Ho Chi Minh City. (Photo: VNA)
A main street in HCM City. (Photo: VNA)
