November 27, 2023 | 14:10 GMT+7

Special mechanisms helping HCMC post breakthrough growth

Minh Hà -

Southern city advised to tap mechanisms to draw more investment.

The meeting was chaired by Prime Minister Pham Minh Chinh.
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Implementation of the National Assembly (NA)’s Resolution No. 98/2023/QH15 on piloting specific mechanisms and policies for growth in Ho Chi Minh City over the past four months has proven effective in creating conditions for the southern city to make breakthrough development and promote its role as a growth pole of the whole country, according to Minister of Planning and Investment Nguyen Chi Dung.

Speaking at the first meeting of the steering committee for the implementation of the Resolution, held on November 26, Minister Dung said the Resolution was issued in a spirit of removing obstacles to allow the city to apply policies and mechanisms to develop quickly and sustainably.

The meeting was chaired by Prime Minister Pham Minh Chinh, who is Head of the Committee.

After more than four months of implementing the Resolution, the thinking, awareness, and approach to the city’s development have been innovated and enhanced, thus promoting its socio-economic development.

In order to implement the Resolution more effectively in December and into 2024, Minister Dung asked Ho Chi Minh City to coordinate with relevant ministries and agencies to study and execute breakthrough policies and mobilize resources to help it develop strongly.

He instructed the city to tap policies and mechanisms to attract investors in the fields of innovation, R&D, information technology, biotechnology, automation, and green energy to gradually develop into a destination of innovation in the South Asian region as well as in Asia.

Resolution No. 98, passed by the NA on June 24, took effect from August 1, 2023.

There are 44 mechanisms in seven fields, including investment management; State finance and budget; urban and natural resources and environment management; attracting strategic investors; science and technology management and innovation; the organizational structure of Ho Chi Minh City; and the organizational structure of Thu Duc city.

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