Ho Chi Minh City promotes investment in key projects

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.