Sunday, October 23 2016


HCM City taps potential for technological growth

Update: August, 15/2015 - 10:00
A view of HCM City. — Photo dangcongsan
HCM CITY  (VNS) — The city needs special laws and policies to exploit the city's potential and advantages for stronger development, delegates heard at a meeting organised on Thursday by the HCM City Party Committee.

Vuong Dinh Hue, member of the PCC and head of the PCC's Economic Commission, said that HCM City was often the country's leader in finance, stocks, insurance, capital, investment, science and technology markets.

But in the time ahead, that HCM City should be the South East Asian centre for economy, trade, science and technology, he continued

To make the target become reality, HCM City must become a smart city, with pilot programmes like the Thu Thiem new urban region.

In addition, more focus should be given to foreign investors, he said.

"Viet Nam will soon sign seven to eight new Free Trade Agreements. It should have strategies to attract multi-national corporations to do business here," Hue said.

Le Minh Tri, deputy head of the PCC's Internal Affairs Commission, confirmed that HCM City were evaluating and approving big projects related to finance and investment.

"PCC should decentralise administration, which would allow the city to actively implement and take responsibility for investment approval based on the Government's master plan," he said.

Leaders of the PCC's Commissions agreed that careful preparation had been made for the political report submitted to the city Party Committee's 10th Congress.

A wide range of contributions from different people were collected for the report, they said.

According to the city Party Committee's Standing Commission, the 10th Party Congress will define core values to build a civilised, modern city, which will develop with the country.

The city will apply international standards to public administration and business management to bring the biggest benefits for local residents and the business community.

"This is a new target that the 10th Party Congress aims to gain. The city will not only mobilise investment resources via money but also encourage local residents to help create stronger development," said Vo Van Thuong, deputy secretary of the city's Party Committee. — VNS

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