return icon

HCM City promises to remove administrative barriers to long-delayed projects

HCM City authorities on Tuesday promised enterprises that they would continue to support enterprises amid the COVID-19 pandemic, and would speed up major projects that have been delayed for years.

Reporters at the HCM City Press Centre at an online meeting held by Nguyen Thanh Phong, chairman of the People’s Committee. — VNS Photo Bo Xuan Hiep

HCM City People’s Committee Chairman Nguyen Thanh Phong said: “More efforts should be made to improve the business climate and competitiveness, tackle difficulties faced by businesses, and push forward with administrative reform.”

Speaking at a meeting to review the economy of the first four months of the year, he told the Department of Home Affairs to set up a working group to help remove barriers for enterprises, especially those related to administrative procedures.

“If the problems are caused by a central agency, the city will work with the central Government to remove them. Every week, I receive hundreds of complaints from businesses about prolonged procedures, causing project delays,” he said. “The delays cause serious damage to businesses as they have to pay bank interest every day.” 

“The head of any agency that causes the delay in administrative procedures must be fully responsible,” Phong said. 

He said the fight against the outbreak remains the top priority, adding that the city would focus on achieving its “dual goal” of containing the Covid-19 pandemic and reviving the economy the rest of the year. 

The Department of Health has been asked to prepare a prevention plan for the fourth wave of the outbreak.

The city also plans to build field hospitals and increase testing capacity of up to 15,000 samples a day.

The city is strengthening pandemic control at airports, railways, roads and waterways. It has re-established checkpoints equipped with devices and border guard command forces to ensure COVID-19 control at city gateways.

It will also continue to implement solutions to support the private economy, and encourage the formation of highly competitive corporations and enterprises in the region and the world.

Phong asked all agencies to continue to promote e-commerce and the digital and sharing economy, especially amid the difficult conditions caused by the pandemic. 

Signs of recovery

Speaking at the online event, Le Thi Huynh Mai, director of the Department of Planning and Investment, said the city’s total retail sales of goods and revenues from consumer services in the first four months was up 7.9 per cent year-on-year. 

Since the beginning of the year, 5,588 businesses have resumed operation, up 95.18 per cent year-on-year.

The index of industrial production (IIP) in the first four months increased by 9.7 per cent over the same period, which is a positive sign of economic growth, according to Mai.

Nguyen Thi Hong Ha, director of the Department of Finance, noted the clear signs of recovery in the first four months as the total state budget revenue was estimated at more than VND140 trillion (US$6.08 billion), an increase of 15.76 per cent over the same period last year.

Le Duy Minh, director of the city Tax Department, said the city is likely to achieve revenue targets for the year based on the positive results in the first four months.

From now to the end of the year, the city will continue to support businesses by extending tax payments worth a total of VND15 trillion ($650.2 million) for 56,000 organisations and individuals, including 34,000 businesses. 


Delayed traffic projects in HCM City caused by tardy site clearance, capital shortage

Delayed traffic projects in HCM City caused by tardy site clearance, capital shortage

The HCM City Department of Transport has called for solutions to speed up the progress of major projects, including ring roads and railway stations, as part of its effort to develop a modern, highly connected transport system.


Curbing inflation: the optimal goal of monetary and fiscal policies

Monetary and fiscal policies have been tightened to fight inflation in Vietnam (though it is among the lowest in the world), instead of aiming to recover production and boost growth, which is needed after several years of pandemic.

Businesses seek capital as banks run out of ‘credit quota’

Businesses in many fields have voiced their concerns about the lack of capital from banks.

Businesses complain about customs procedures, import taxes

Businesses still must visit ministries in Hanoi to complete paperwork, which they consider a big waste of time and money. They are also concerned about high import taxes.

Vietnam contributes to International Law Commission

Vietnamese Ambassador Nguyen Hong Thao has pledged to make more contributions to the progress and development of international law, for peace, friendship, cooperation and sustainable development worldwide.

Pencak silat fighter enjoys golden year

Pencak silat fighter Quang Thi Thu Nghia has had amazing year of competition when she has won titles from all competitions that she took part in.

Pop singer to compete at MTV Europe Music Awards

Pop singer Pham Dinh Thai Ngan from HCM City will represent Vietnam at the MTV Europe Music Awards (MTV EMA) 2022.

PM hosts national committee on digital transformation’s third session

Prime Minister Pham Minh Chinh chaired the third meeting of the National Committee on Digital Transformation on August 8 to assess digital transformation pace during the first half of 2022 and devise tasks for the time ahead.

Liem to face off against chess king Carlsen at FTX Crypto Cup

Vietnam’s leading chess player Le Quang Liem has revealed that he will take on Norwegian chess king Magnus Carlsen at the FTX Crypto Cup which is scheduled to take place in Miami, USA, from August 15 to August 21.

Vietnam ranks third overall at ASEAN Para Games 2022

Vietnamese athletes bagged seven more gold medals on August 5, the last competition day of the ASEAN Para Games 2022, retaining their third place in the medal tally.

Corporate bond market struggling with challenges

The size of the corporate bond market is estimated at some VND1,374 trillion, equivalent to 15% of GDP. The Government aims to raise this figure to 20% by 2025.

President requires greater efforts to promote value of Ngoc Linh ginseng

Ngoc Linh ginseng deserves the "National treasure" title, and it is necessary to strongly promote the role of this treasure in improving people's livelihoods, President Nguyen Xuan Phuc said .

EVFTA outpaces CPTPP in preference utilisation rate

The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) during Q1 soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Refusal to issue visas to new VN passport causes problems for travel firms

The rejection of Vietnam’s new passport by some EU member countries is affecting HCM City tourism companies since their customers are unable to travel to those countries.

Vietnam set to scrap COVID quarantine for imported processed seafood

The Ministry of Agriculture and Rural Development has removed COVID-related quarantine requirements for frozen processed seafood products imported for the purpose of reprocessing for export.

HCM City seeks to boost technology transfer from universities

Huynh Kim Tuoc, managing director of Sai Gon Innovation Hub's (SiHub) Start-up Support Centre under the HCM City Department of Science and Technology, affirmed Vietnam holds tremendous potential for technology development