Planning minister urges HCMC officials to get proactive on growth
Authorities in Ho Chi Minh City, where economic growth was only 0.7% in this year’s first quarter, need to proactively spur the southern economic hub’s development rather than relying on Ministry of Planning and Investment (MPI) guidance, said Minister Nguyen Chi Dung.
Fearing the consequence of possible errors, HCMC officials have been reluctant to take decisions in solving growth issues in the economic powerhouse, the MPI minister said Sunday while mentioning reasons causing current slow growth at a working meeting chaired by Prime Minister Pham Minh Chinh.
Dung said the MPI received 584 documents containing questions on administrative and legal issues from HCMC last year, to which the ministry replied with 604.
“However, most of the questions were within the city’s power to answer. This is absurd, and shows that we are afraid of responsibility.”
The minister urged city officials to change their attitude to better serve the city’s growth process.
Lieutenant General Le Quoc Hung, Deputy Minister of Public Security, said not just HCMC but many other localities have found the same situation in which local authorities have fears of responsibility.
Hung said there were many cases in which officials were overly cautious, thus consulting many departments and agencies, thus killing lots of time.
The police general noted police forces do not criminalize administrative issues, and the cases related to corruption have been handled in line with the laws to fight corruption.
Labor Minister Dao Ngoc Dung said a solution to encourage government officials to stop the attitude is to create a safe environment for them when making decisions.
Deputy PM Le Minh Khai mentioned three factors needed to help authorities get rid of the fears. A proper environment for them to make decisions, a transparent administrative process clearly stating who does what, and who signs on decisions, and a mechanism to solve problems that are not yet governed by laws.
At the meeting, PM Chinh requested the creation of a safe environment and legal corridor for officials to work, encouraging people who dare to speak, think, do, and take responsibility. At the same time, HCMC needs to completely handle the backlogs related to public officials.
"Officials need to avoid the tendencies of fear of responsibility or letting corruption happen," the PM said.
HCMC chairman Phan Van Mai said the city’s economic slowdown was due to bottlenecks in the administrative system, the pandemic's ongoing consequences, and the limitations in new growth drivers and space.
At the meeting, city representatives asked the PM to consider forming a government working group to conduct research for the city’s new driving forces and growth mechanism. Other recommendations include directions for key regional and inter-regional transport projects in the locality, as well as medical equipment for three hospitals in the city’s gateway areas of Thu Duc, Hoc Mon, and Cu Chi.
The economic hub also requested permission for a pilot program issuing electronic work permits for foreign workers in line with the digital transformation strategy.
On Saturday, PM Chinh requested HCMC to make greater efforts to accelerate the disbursement of public investment.
- Read More
Vietnam shares sink on extended foreign selloffs
Vietnamese equities fell for a fourth consecutive day on Tuesday as foreign traders extended their selling spree.
Finance - Tue, November 19, 2024 | 5:10 pm GMT+7
Germany’s household product firm QuickPack to invest $32 mln in Vietnam
Germany’s QuickPack, a specialist for household goods and hygiene products, will invest €30 million ($31.8 million) in Vietnam’s Mekong Delta province of Long An.
Industries - Tue, November 19, 2024 | 4:24 pm GMT+7
Malaysian millionaire willing to invest in convicted Vietnamese tycoon’s property project: lawyers
Malaysian millionaire Vincent Tan has evinced investment interest in a residential project owned by convicted tycoon Truong My Lan, chairwoman of Van Thinh Phat Group, lawyers for the latter have disclosed.
Real Estate - Tue, November 19, 2024 | 4:17 pm GMT+7
‘Bottleneck of bottlenecks’ continues to dog Vietnam's property, infrastructure projects
Limited consultations between state agencies and the parliament’s primary focus on wording are issues with Vietnam’s legal framework adversely affecting property and infrastructure projects, say experts and corporate leaders.
Economy - Tue, November 19, 2024 | 3:40 pm GMT+7
President Xi Jinping hastens construction of 3 Vietnam-China rail routes
Chinese President Xi Jinping has called for more substantial cooperation between China and Vietnam, including the pacier implementation of three railway routes linking the two nations.
Infrastructure - Tue, November 19, 2024 | 3:08 pm GMT+7
Vietnam developers offer deferred principal payments, interest support to boost year-end sales
Vietnamese housing developers are offering several incentives including deferred principal payments and interest support to stimulate demand and boost liquidity as the year nears its end.
Real Estate - Tue, November 19, 2024 | 2:29 pm GMT+7
Australia's EQ Resources acquires TMG Group with Vietnam-based ferrotungsten factory
Australia-based EQ Resources Limited has acquired its fellow firm Tungsten Metals Group (TMG), which owns and operates the largest ferrotungsten (FeW) factory outside China.
Companies - Tue, November 19, 2024 | 11:00 am GMT+7
Techcom Securities becomes largest broker in Vietnam by capital base
Techcom Securities JSC (TCBS) has become the largest securities company in Vietnam by charter capital after finishing a rights offering last week.
Finance - Tue, November 19, 2024 | 9:11 am GMT+7
Vietnam airport operator ACV looks to better exploit non-aviation service potential: exec
Vietnam's airports operator ACV expects to earn $145 million from non-aviation services this year, accounting for around 18.83% of its total revenue, which is modest compared to other countries, said deputy general director Nguyen Duc Hung.
Companies - Tue, November 19, 2024 | 7:45 am GMT+7
The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment
A seminar themed “Removing legal bottlenecks for infrastructure and property investment” will be organized by The Investor in Hanoi on Tuesday.
Companies - Tue, November 19, 2024 | 7:00 am GMT+7
Indonesia promises Asia-Pacific investors more incentives
Indonesian President Prabowo Subianto recently told the press that he will create more incentives and expand special economic zones (SEZs) so as to lure investors from Asia-Pacific.
Southeast Asia - Mon, November 18, 2024 | 11:01 pm GMT+7
Indonesia, Brazil enhance aviation cooperation
Indonesia's state-owned aircraft manufacturer, Dirgantara Indonesia (DI), and Brazilian aerospace company Embraer have signed a memorandum of understanding (MoU) to expand collaboration in the commercial aviation sector.
Southeast Asia - Mon, November 18, 2024 | 11:00 pm GMT+7
Indonesia eyes to become member of BRICS
Indonesian President Prabowo Subianto has shown his country’s desire to become a member of the BRICS - the alliance of major emerging economies initiated by Brazil, Russia, India, China, and South Africa.
Southeast Asia - Mon, November 18, 2024 | 10:57 pm GMT+7
Former Party chief, chairman of Vinh Phuc province face disciplinary action
Vietnam’s Central Inspection Committee has proposed disciplining Pham Van Vong, former Party chief of Vinh Phuc, and Phung Quang Hung, former chairman of the northern province, for violations related to Phuc Son Group.
Politics - Mon, November 18, 2024 | 9:17 pm GMT+7
Shaping a waterway into a key shipping channel: Viconship gets dredging nod
A major dredging project will allow safer ship navigation and increased cargo transportation capacity on the Hai Phong shipping channel, thereby enhancing competitiveness of Vinconship’s port system, says the company.
Companies - Mon, November 18, 2024 | 7:08 pm GMT+7
Former assistant to State President appointed general director of state-owned financial firm HFIC
Truong Tuan Anh, an official at the State President Office and former assistant to a state president, has been appointed general director of Ho Chi Minh City Finance and Investment Stated-owned Company (HFIC).
Companies - Mon, November 18, 2024 | 5:35 pm GMT+7