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Update news HCM City
HCM City is now leading the country in terms of a valid number of foreign investments with 12,520 projects worth US$57.64 billion.
The Ho Chi Minh City People’s Committee will implement a programme that provides libraries across the city with up to five million books, both printed and e-books, from February 2024 to March 2025.
Ho Chi Minh City planned to embark on building an international financial center; however, it is hard to visualize in what direction the center will develop.
Despite facing global headwinds, HCMC, which was hardest hit by the COVID-19 pandemic in 2021-2022, secured high growth in 2023, creating an essential prerequisite for the city to move ahead in 2024 and beyond.
The economic growth projection for 2024 anticipates a steady increase of around 6 percent, without any sudden jumps. This is in line with established patterns and sets the momentum for the target year of 2025.
The city is committed to 'accelerating progress and surmounting obstacles' in the pursuit of the socio-economic objectives for 2024, aiming to implement goals outlined in Resolution XI of the HCMC Party Committee and Resolution 31 of the Politburo.
Resolution 98/2023/QH15 on special mechanisms and policies for the development of HCMC is expected to solve long-standing obstacles and difficulties to create a premise for the city to enter a new period of development.
Tet is the time of high demand for food consumption, thus raising the risk of unhygienic and unsafe food.
Many HCM City residents were disappointed to hear that the D4 electric bus route from Vinhomes Grand Park to Sai Gon Bus Station might come to a stop.
The HCM City Transport Department has just proposed a fine of VND90 million against the Thanh Buoi Bus Company for their various violations.
More than 1,200 firms in Ho Chi Minh City said they are planning to cut their workforces this year, according to a recent survey by the municipal Centre of Forecasting Manpower Needs and Labour Market Information (FALMI).
The HCMC Traditional Medicine and Pharmacy Institute has held a class for 9 French students to introduce the uniqueness of Vietnamese traditional medicine.
Business activities are cooling as consumers have had to tighten their purse strings, with some vendors setting up business on wide sidewalks in HCM City.
Tyler Maurice Kooy, 32, from the US, and Uong Thi Phuong Thao, 27, a Vietnamese woman, are running an old-style cafe in HCM City.
The Prime Minister’s telegram on April 19 to correct and intensify the responsibility of ministries and state agencies in handling their work was necessary amid the widespread "disease" called "fear of responsibility".
HCM City has pledged to remove hurdles faced by foreign firms in terms of administrative procedures, transport infrastructure, and tourism development, said Pham Van Mai, chairman of the Ho Chi Minh City People's Committee.
Mr. Nguyen Van Hieu, Alternate Member of the Party Central Committee, Deputy Secretary of the Ho Chi Minh City Party Committee, said that HCMC would continue to promote the spirit of developing for and with the country.
Ho Chi Minh City absorbed about 3.94 billion USD in foreign direct investment (FDI) in 2022, up 5.4% year-on-year, according to the municipal People’s Committee.
The Shopping Season 2022 which lasts from now to the year-end will enable HCM City’s customers to buy goods with discounts of up to 100 percent.
Two meetings to settle the existing problems in the real estate market were held on November 8.