A sandbox for HCMC
It is likely a Resolution on piloting a new special mechanism for HCMC’s development will be endorsed by the National Assembly during its sitting in May 2023. A new resolution to replace Resolution 54/2017/QH14 is in dire need now, but a more important question is whether the new resolution will
HCMC’s business confidence predicted to improve in Q2
HCMC – In contrast to bleak financial prospects in the January-March period, reflected in the city’s gross regional domestic product expansion of a mere 0.7%, the financial picture may become bright in the year’s second quarter. Citing data from the HCMC Statistics Office survey, Bui Ta Hoang Vu,
HCMC warns of overlapping diseases
HCMC – The HCMC government has urged local medical facilities to take action in response to the spread of dengue fever and the Marburg virus. The city People’s Committee asked the Health Department to monitor passengers from high-risk areas and have contingency plans for coping with public health
HCMC’s GRDP edges up 0.7% in Q1
HCMC – HCMC’s gross regional domestic product (GRDP) expanded a mere 0.7% in the first quarter of this year, the lowest among five centrally-governed cities, showed official data. In January-March, the industry-construction sector contracted by 3.6%, accounting for a fifth of the city’s GRDP,
HCMC sees more businesses exit market
HCMC – The number of HCMC-based businesses facing difficulties and pulling out of the market surged in the first quarter of 2023, according to the HCMC Union of Business Associations (HUBA). Over 11,300 companies ceased operations from January to March, up 20.1% over the same period in 2022. Of
HCMC weighs proposal to extend metro line to two neighboring provinces
HCMC – The HCMC People’s Committee will meet with relevant departments and agencies this week to consider a proposal to lengthen Metro Line No. 1 to two neighboring provinces, Binh Duong and Dong Nai. In 2022, Dong Nai and Binh Duong asked the prime minister for approval to extend the Ben
Thorough research required for HCMC-Can Tho railway project
HCMC – The management board of railway projects and consultants need to thoroughly study the HCMC-Can Tho railway project and evaluate all factors in line with the law on investment, said the Ministry of Transport. The Transport Ministry asked the management board of railway projects and
HCMC calls for Singapore investment in major projects
HCMC – HCMC called on Singaporean investors to invest in the city’s priority projects such as HCMC – Moc Bai Expressway, Beltway No. 4, and Metro line 3A-3B-4, reported the local media. At a conference on investment and trade opportunities for Vietnam and Singapore enterprises held by the HCMC
Dong Nai endorses plan to build three bridges to HCMC
HCMC – The southern province of Dong Nai has agreed to develop three bridges linking it with neighboring HCMC, which would ease a surging traffic volume plaguing the existing bridges in the area and promote local and regional socioeconomic growth. One of the three bridges would connect HCMC’s Thu
HCMC seeks special mechanism for on-site power generation
HCMC – The HCMC Department of Industry and Trade has proposed offering the city a special mechanism to develop on-site power generation, with a focus on investment in rooftop solar power to meet the city’s high electricity demand. The city asked the Government for approval to apply feed-in tariffs
HCMC seeks quick launch of HCMC-Con Dao ferry service
HCMC – The HCMC Department of Transport has written to the Ba Ria-Vung Tau Department of Transport proposing cooperation in launching the HCMC-Con Dao express ferry service to meet the travel demand. The Con Dao airport will be closed for repair for nine months, from April to December, while the
Trumpet trees blossom in town
Traveling on many streets in HCMC these days, visitors will see the pink flowers of trumpet trees blossom. The flower originating from the Americas, also known as the pink bell flower, was first planted in HCMC in 2009. It has been grown on many roads around town, such as Dien Bien Phu, Ham Nghi,