HCM City seeks in­vest­ments for 100-plus projects

The Nation - - AEC -

Ho Chi Minh City has called for in­vest­ment in 116 so­cialised projects, 11 na­tional-scale projects and six other projects in the Thu Thiem New Ur­ban Area at an in­vest­ment pro­mo­tion con­fer­ence on Wed­nes­day.

Of the 116 projects, 64 are re­lated to trans­port in­fra­struc­ture, five to ur­ban tech­ni­cal in­fra­struc­ture, seven to flood re­duc­tion, three to agri­cul­ture, one to man­u­fac­tur­ing, four to com­merce and ser­vices, 21 to ur­ban re­fur­bish­ment and hous­ing re­set­tle­ment, six to ed­u­ca­tion projects, one to health project, and four to cul­ture and sports.

Of the 11 na­tional projects, nine are re­lated to trans­port in­fra­struc­ture, one to ed­u­ca­tion and train­ing project and one to health­care.

The six projects in the Thu Thiem New Ur­ban area are re­lated to hos­pi­tal­ity, in­ter­na­tional stan­dard pri­mary schools and a theatre.

Huynh Van Thu of the city’s Depart­ment of Plan­ning and Ar­chi­tec­ture said the city has around 500 de­graded apart­ment tow­ers that have to be ren­o­vated or re­built, and the city has come up with in­cen­tives to at­tract in­vestors.

Tran Vinh Tuyen, deputy chairman of the Peo­ple’s Com­mit­tee, said to achieve eco­nomic growth of 8.5 per cent in 2016-20 pe­riod and mod­ernise its econ­omy, the city has called for in­vest­ments in nine ser­vices: fi­nance, bank­ing, in­sur­ance; travel; trans­porta­tion, ports and ware­hous­ing; post, tele­com, information and com­mu­ni­ca­tion; real es­tate; con­sul­tancy; sci­ence and tech­nol­ogy; health­care; and ed­u­ca­tion and train­ing, and four key in­dus­tries – me­chan­i­cal; elec­tron­ics – information tech­nol­ogy; chem­i­cals – plas­tic – rub­ber; food and food­stuff pro­cess­ing.

The city is also de­ter­mined to im­ple­ment seven break­through pro­grammes set out in a res­o­lu­tion of the city’s 10th Party Congress: a pro­gramme to im­prove the qual­ity of growth, im­prove the com­pet­i­tive­ness of the econ­omy; hu­man re­source qual­ity; ad­min­is­tra­tive re­form; re­duc­tion in traf­fic jams and ac­ci­dents; re­duc­tion in flood­ing, pro­grammes to cope with cli­mate change, ris­ing sea level; and re­duc­tion in pol­lu­tion; and ur­ban de­vel­op­ment, he said.

Pol­lut­ing in­dus­tries to exit

Ac­cord­ing to the Depart­ment of Plan­ning and Ar­chi­tec­ture, the city will con­tinue to re­lo­cate pol­lut­ing in­dus­tries out of the in­ner city and fo­cus on the de­vel­op­ment of clean and mod­ern in­dus­tries that are based on tech­nol­ogy.

Pham Thiet Hoa, di­rec­tor of the In­vest­ment and Pro­mo­tion Cen­tre of HCM City, said the city con­trib­utes 21 per cent of the coun­try’s GDP, onethird of the bud­get and one-fifth of exports, and ac­counts for half of all in­ter­na­tional vis­i­tors and 30 per cent of for­eign projects in the coun­try.

In the first eight months of this year the city at­tracted US$3.29 bil­lion (Bt109 bil­lion) in new and ex­ist­ing projects, he said.

The city hopes that the in­vest­ment pro­mo­tion con­fer­ence would en­able Viet­namese and for­eign in­vestors to un­der­stand more about the city’s in­vest­ment en­vi­ron­ment and poli­cies and join hands with it to de­velop it into a smart city and a city good for liv­ing in, he said.

Call­ing for in­vest­ment in these projects also seeks to quickly turn the city into one of the re­gion’s largest eco­nomic, fi­nan­cial, com­mer­cial, sci­en­tific and tech­no­log­i­cal hubs, he said. Ac­cord­ing to del­e­gates at the con­fer­ence, be­ing the cen­tre of the south­ern eco­nomic re­gion, the city could act as a gate­way for in­vestors seek­ing to do busi­ness in its neigh­bour­ing prov­inces and cities.

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