HCMC needs infrastructure development breakthroughs: Party leader

By Pham Thao
Fri, September 23, 2022 | 3:40 pm GMT+7

Party chief Nguyen Phu Trong on Friday asked Ho Chi Minh City to prioritize construction and create stronger advances in growing the southern economic hub’s infrastructure system.

It was one of the requests made by the top leader during his meeting with HCMC authorities.

Party General Secretary Nguyen Phu Trong at a meeting with HCMC authorities in the city on September 23, 2022. Photo courtesy of Vietnam News Agency.

Party General Secretary Nguyen Phu Trong at a meeting with HCMC authorities in the city on September 23, 2022. Photo courtesy of Vietnam News Agency.

He said HCMC also needed to improve the efficiency of urban planning and design; proactively coordinate with ministries, state agencies and other southern localities to focus on building a high-capacity public transport system; develop ring roads, elevated roads, expressways, marine passages, and waterways to create smooth inter-regional connections.

“The city needs to soon reduce its transport infrastructure weaknesses, work out more radical solutions to environmental problems, climate change, sea level rises, water supply and drainage issues, as well as problems in anti-flooding programs and waste treatment," he noted.

To remove current bottlenecks in terms of institution, infrastructure and human resources, the Party general secretary asked city officials to accelerate economic restructuring based on a strong growth model, and improve leadership capacity.

Trong also praised HCMC’s economic expansion of 3.82% in the first six months of the year, compared to a shrinkage last year. Its economic growth was minus 6.78% in 2021 due to the pandemic.

However, the Party leader reminded HCMC that its growth has not matched its potential and position as the driving development force for the south and the entire country, with signs of decline in recent years.

He asked city officials to identify the reasons and work out measures to overcome them. Problems beyond HCMC’s authority must be reported to the central-level leadership, Trong said.

The National Assembly, the Government, ministries and state agencies were required to support HCMC in solving its problems and issues in the spirit of “HCMC for the whole country and the whole country for HCMC,” he added.

HCMC Chairman Phan Van Mai reports to Party chief Nguyen Phu Trong in the city on September 23, 2022. Photo courtesy of Saigon Liberation newspaper.

HCMC Chairman Phan Van Mai reports to Party chief Nguyen Phu Trong in the city on September 23, 2022. Photo courtesy of Saigon Liberation newspaper.

Prior to the Party leader’s requests, HCMC Chairman Phan Van Mai, in a report to him, proposed the national leadership continue to choose HCMC as a place to pilot new development issues, on which regulations are already out of date or there is an absence of regulations.

Mai said HCMC also wanted more decentralization, especially in completing the institution for Thu Duc city on its outskirts.

The chairman proposed the central government prioritize financial resources for HCMC to implement transport infrastructure projects subject to national planning, and continue to issue pilot mechanisms and policies to create breakthroughs.

The economic hub estimates its January-September growth at 9.71% year-on-year, and its total estimated budget revenue of VND350 trillion ($14.76 billion), over 90% of the full-year target.

Comments (0)
  • Read More
Vietnam Airlines secures $1.5 bln funding from ING Bank for strategic expansion

Vietnam Airlines secures $1.5 bln funding from ING Bank for strategic expansion

Vietnam Airlines and ING Bank have signed an MoU for bilateral financial cooperation, securing capital funding of up to $1.5 billion.

Companies - Fri, June 13, 2025 | 10:56 pm GMT+7

Lawmakers scrutinize dual-city international financial center plan

Lawmakers scrutinize dual-city international financial center plan

Discussing a draft resolution on establishing an international financial center in Vietnam, some parliament members have proposed careful consideration of a dual-city model based on regional development strategies and investment efficiency.

Finance - Fri, June 13, 2025 | 10:49 pm GMT+7

Vietnam among world’s most food-self-sufficient nations: study

Vietnam among world’s most food-self-sufficient nations: study

As concerns mount over the potential for disruptions to global trade, a new study published in the journal Nature Food has identified Vietnam as one of the few countries with a high level of food self-sufficiency, capable of withstanding major interruptions to food imports and exports worldwide.

Southeast Asia - Fri, June 13, 2025 | 10:41 pm GMT+7

Bad debts at Vietnamese commercial banks remain a concern

Bad debts at Vietnamese commercial banks remain a concern

While the most challenging period for bad debts in Vietnam appears to have passed, potentially irrecoverable debts have reached a record high, accounting for 1.25% of total outstanding customer loans, or more than VND176 trillion ($6.74 billion), according to a new report by research firm Vietnam Report JSC.

Banking - Fri, June 13, 2025 | 7:58 pm GMT+7

Vietnam's galvanized steel major Ton Dong A to focus on domestic sales amid export market woes

Vietnam's galvanized steel major Ton Dong A to focus on domestic sales amid export market woes

Ton Dong A, a leading galvanized steel manufacturer in Vietnam, will focus more on the domestic market due to export difficulties, raising the ratio of domestic sales to 75%.

Companies - Fri, June 13, 2025 | 4:56 pm GMT+7

Vietnam's leading construction materials maker Viglacera appoints new chairman

Vietnam's leading construction materials maker Viglacera appoints new chairman

The board of directors of Viglacera, Vietnam's leading construction materials maker, has appointed Tran Manh Huu as new chairman, succeeding Nguyen Van Tuan.

Companies - Fri, June 13, 2025 | 3:08 pm GMT+7

Vietnam urges Exxon Mobil to accelerate long-delayed Blue Whale gas field project

Vietnam urges Exxon Mobil to accelerate long-delayed Blue Whale gas field project

Vietnam expects the U.S.'s Exxon Mobil to speed up the long-delayed Blue Whale gas field project in line with the contract.

Energy - Fri, June 13, 2025 | 2:06 pm GMT+7

Prime Minister invites Swedish firms to invest in Vietnam's technology infrastructure, renewable energy

Prime Minister invites Swedish firms to invest in Vietnam's technology infrastructure, renewable energy

Prime Minister Pham Minh Chinh says he hopes Swedish companies will continue to expand their investment in Vietnam's information technology infrastructure, especially in remote areas.

Economy - Fri, June 13, 2025 | 11:28 am GMT+7

Singapore’s Keppel earns $76 mln from partial sale of property complex in southern Vietnam

Singapore’s Keppel earns $76 mln from partial sale of property complex in southern Vietnam

Singapore-based Keppel Corporation brought in SGD98 million ($76.54 million) from selling a 22.6% stake in a property complex in Vietnam’s southern metropolis of Ho Chi Minh City.

Real Estate - Fri, June 13, 2025 | 8:28 am GMT+7

Thailand tightens e-commerce rules

Thailand tightens e-commerce rules

Thailand is preparing to increase oversight of digital marketplaces, adding rules for certain types of platforms to strengthen consumer protection and ensure responsible e-commerce, Bangkok Post quoted the Electronic Transactions Development Agency (ETDA) as saying.

Southeast Asia - Thu, June 12, 2025 | 10:56 pm GMT+7

Malaysia attracts nearly $21 bln investment in Q1

Malaysia attracts nearly $21 bln investment in Q1

Malaysia has secured MYR89.8 billion (nearly $21 billion) in approved investments for Q1, a 3.7% year-on-year increase amid a challenging global economic backdrop, according to the Malaysian Investment Development Authority (MIDA).

Southeast Asia - Thu, June 12, 2025 | 10:53 pm GMT+7

Thailand targets faster EV growth

Thailand targets faster EV growth

Thailand’s Board of Investment (BoI) is stepping up efforts to promote the electric vehicle (EV) industry by offering more investment incentive packages aimed at supporting the emerging sector and creating additional EV-related jobs.

Southeast Asia - Thu, June 12, 2025 | 10:46 pm GMT+7

Malaysia to hold second round of trade talks with US

Malaysia to hold second round of trade talks with US

Malaysia’s Ministry of Investment, Trade and Industry (MITI) said Minister Tengku Zafrul Aziz is scheduled to travel to Washington D.C. on June 18 for a new round of discussions focused on tariffs.

Southeast Asia - Thu, June 12, 2025 | 10:40 pm GMT+7

Vietnamese banks' bond issuance sees three-fold rise in first 5 months

Vietnamese banks' bond issuance sees three-fold rise in first 5 months

Vietnamese banks have significantly increased their bond issuance in 2025, with a reported total issuance of VND81 trillion ($3.1 billion) in the first five months of the year.

Finance - Thu, June 12, 2025 | 10:17 pm GMT+7

PVFCCo - Phu My, PVOIL sign strategic cooperation agreement in services, trade, and chemicals

PVFCCo - Phu My, PVOIL sign strategic cooperation agreement in services, trade, and chemicals

Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo - Phu My) and Petrovietnam Oil Corporation (PVOIL) on Wednesday signed a strategic cooperation agreement, marking the beginning of a comprehensive, multi-sector collaboration between the two members of state-owned Petrovietnam.

Companies - Thu, June 12, 2025 | 7:56 pm GMT+7

Vietnam's Minister of Trade suggests Walmart build 'strategic purchasing center'

Vietnam's Minister of Trade suggests Walmart build 'strategic purchasing center'

Vietnam's Minister of Industry and Trade Nguyen Hong Dien has suggested the world's biggest retailer Walmart "research and build a strategic purchasing center" in the Southeast Asian country.

Economy - Thu, June 12, 2025 | 5:48 pm GMT+7