HCM City

Update news HCM City

HCM City's 10-year flood project on hold amid funding roadblocks

Despite reaching 90% completion, HCM City's costly flood control project, intended to tackle tidal flooding, faces indefinite delays due to funding and legal obstacles.

The peaceful life of residents in 'matchbox' houses

Living in small spaces, people on the alley of box-like houses have to eat and sleep in shifts. The houses are so small there is not enough room to put coffins of the dead. However, the residents lead a peaceful and happy life.

Police expand investigation into Capel Group’s $28.69 million fraud case

Using a capital mobilization scheme, the Chairman of Capel Group JSC defrauded and misappropriated 700 billion VND ($28.69 million) from 4,800 victims across 63 provinces.

HCM City aims to become a cultural industry hub in Southeast Asia

Leveraging its unique advantages and competitive capacity, Ho Chi Minh City has chosen eight key cultural industries for development between now and 2030 to become a cultural industry centre in Southeast Asia.

HCM City ordered for greater efforts to reach economic growth of up to 8%

Prime Minister Pham Minh Chinh has asked HCMC to thoroughly grasp and concretize the Resolutions of the Party Central Committee and the NA, successfully fulfill the 2024 goals and tasks, and strive for this year's economic growth of 7.5-8%.

HCM City mulls closer oversight of rental housing to ensure fire safety

The HCM City Department of Construction has proposed new guidelines for leased apartments to improve safety and generally tighten oversight.

Over three million foreign arrivals to HCM City logged in seven months

Ho Chi Minh City welcomed more than three million foreign tourists in the first seven months of the year, up 30.3% on-year, achieving 51.4% of this year’s set target, according to figures released by its Department of Tourism.

HCM City to choose district deputy chairs through examinations

HCM City Mayor Phan Van Mai has asked the city’s Department of Home Affairs to work with localities to draw up a plan to organize examinations to recruit deputy chairs of districts on a trial basis.

HCM City land prices in suburban areas could soar by 50 times

After the press conference on July 29 about the draft decision on adjusting land price levels, the HCM City Department of Natural Resources and the Environment continued to answer the public’s inquiries.

VND272 trillion proposed for 88 infrastructure projects in HCMC

VND272 trillion will be needed for 88 infrastructure projects listed in the investment plan until 2030, according to the HCMC Department of Transport.

Why do Saigonese continue to live in 2-3 sq m rooms?

Many people in HCM City complain that they are living in cramped houses which are just 2-3 sq m in area. But surprisingly, they would rather stay in the tiny rooms than move to other places.

Experts warn of subsidence in HCM City below sea level

Experts warned that Ho Chi Minh City is highly likely to gradually sink below sea level and will not be far away without timely preventive solutions.

HCM City among cities with wealth growth potential over next decade

The southern metropolis Ho Chi Minh City is named among three cities with wealth growth potential over the next decade by Henley & Partners.

HCMC sees longest heatwave in 30 years

HCMC has endured an unprecedented 79 days of scorching heat above 35 degrees Celsius so far this year, the highest number of hot days in nearly three decades, according to a weather expert.

HCM City – a tourism supermarket

HCM City’s 2024 Tourism Fair from April 4 to 7 highlights the city’s position as a “tourism supermarket”, bringing tourism products from both HCM City and other provinces to potential local and foreign customers.

HCM City urged to create breakthroughs in foreign investment attraction

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.

HCM City’s libraries to get 5 million books by March 2025

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.

International Financial Center’s development hard to visualize

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.

Ho Chi Minh City presses ahead with policies amid global headwinds

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.

Economic picture in the Year of the Dragon

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.