The Southern Key Economic Zone needs special policies to attract foreign direct investment (FDI) and improve linkages between localities to ensure sustainable development, experts have said.
Upgrading old buildings and relocating households living near canals are among the major projects that HCM City aims to carry out now and in the near future, according to city authorities.
HCM City’s People’s Committee has proposed the Prime Minister to approve the selection of State-owned HCM City Financial Investment Company (HFIC) as investor of the municipal financial centre, website enternews.vn reported.
Prime Minister Nguyễn Xuân Phúc has green lighted HCM City’s proposal to spend VNĐ67 trillion (US$3 billion) raised from equitisation of State-owned companies and sale of their stakes in non-core business for social development.
HCM City will provide great support for the public-private-partnership (PPP) model in infrastructure development, its leaders told a meeting held yesterday to discuss attraction of funding through the model.
The Saigon Bank for Industry and Trade (SaigonBank) has appointed Vũ Quang Lãm as its CEO with effect from June 12.
The Government has issued a decree that offers HCM City special financial and budgetary policies and incentives in an aim to improve its infrastructure.
HCM City will need VNĐ1,000 trillion (US$44 billion) to upgrade its transport infrastructure in the next 15 years, according to its People’s Committee.