Ambitious Development Plan Unveiled

At a recent forum, Prime Minister Chinh highlighted the necessity for Ho Chi Minh City (HCMC) to revamp its policies to attract a staggering $200 billion in investments by 2030. The city's development plan is ambitious, aiming to transform HCMC into a global city with a high-quality workforce, modern service and industrial sectors, and a leading hub for green and digital economies.

Strategic Infrastructure and Economic Goals

The plan sets forth a vision for a synchronized transportation network and targets a GRDP per capita of at least VND385 million by 2030, alongside growing its permanent population to 11 million. Key infrastructure projects include roads along the Saigon River, southern coastal routes, and the development of 12 urban railway lines.

Encouraging Private Sector Participation

Prime Minister Chinh emphasized the importance of involving large enterprises in significant projects to unlock new development drivers. Discussions with Vingroup's chairman, Pham Nhat Vuong, about constructing a subway system from downtown HCMC to Can Gio were also mentioned, showcasing the potential for public-private partnerships.

Pioneering Policies for Key Projects

HCMC is urged to pilot bold mechanisms and policies for key projects, including the international financial center and Can Gio port. Establishing an urban planning exhibition center was suggested to provide transparent information and align investor goals with the city's aspirations without the need for direct meetings with officials.

Focus on Innovation and Technology

City chairman Phan Van Mai outlined projects that prioritize innovation and technological advancement, such as startup innovation centers, data centers, and the Thu Duc Science and Technology Park, indicating a strong focus on future-proofing the city's economy.