Ho Chi Minh City promotes investment in key projects

by NDO16 July 2024 Last updated at 17:39 PM

An overview of the session.
An overview of the session.

VTV.vn - Ho Chi Minh City is implementing many solutions to promote the construction of key projects for socio-economic development, according to the Ho Chi Minh City People’s Committee , in a report presented at the 17 th session of the 10 th Ho Chi Minh City People’s Council, held on July 16.

Specifically, it is completing the construction of six Metro lines (183km long with 148 stations) with a total investment of more than 871,200 billion VND, according to the city's urban railway system development plan.

To facilitate project implementation, Ho Chi Minh City proposed 28 central mechanisms and policies belonging to six issue groups. Among them, there is a policy group on planning; land recovery, compensation and resettlement support; capital mobilisation; procedures, investment authority, construction and project implementation; technical standards, technology and policy groups on management and exploitation mechanisms.

In the immediate future, Ho Chi Minh City proposes to the Central Government to allow the city to approve criteria in planning projects for public transport-oriented urban development areas (TOD), that are different from the standards, of current planning.

In particular, the proposal allows the city to borrow byissuing local government bonds at preferential interest rates.

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-10-14 04:07 UTC

WEATHER FORECAST