HCM City authorities report positive results on several fronts four months after the government resolution that gave the city more control over its governance was approved by the National Assembly. Among the notable improvements was approval by the city’s People’s Council to increase civil servants’ salaries.
All districts will be expected to develop a “smart urban area” plan by 2020, Trần Vĩnh Tuyến, HCM City People’s Committee vice chairman and head of the smart city management board, said on Friday.
Last year saw a lot of merger and acquisition (M&A) activities in the Vietnamese property sector, with transactions totalling US$1.5 billion and the participation of many major foreign players.
Roads in HCM City’s east are now congested since there has been a surge in the number of vehicles there while work on new roads and bridges is tardy or stalled due to lack of funds.
The project to make HCM City a smart city in 2017 -20 was approved and publicly announced on Sunday.
While housing developers in HCM City are looking for occupants for over 15,000 apartments they have built, city authorities are saying more such apartments are needed to resettle people moved out of their houses for various reasons.
Foreign and domestic investment in HCM City has significantly increased and industrial production remains robust, a meeting to review the city’s socio-economic development in the first 10 months of this year heard.
The HCM City is planning to extend the Metro Line No 2 Bến Thành – Tham Lương to 9.3 km.
HCM City People’s Committee has called on departments of transport, natural resources and environment and district-level People’s Committees to facilitate the city’s first two river bus routes.
HCM City needs better co-operation among the State, developers, builders, material suppliers and banks to improve the local property market, the HCM City Real Estate Association has said.