Topic: Ho Chi Minh City

The initiative aims to finalize key mechanisms and policies that will facilitate the growth of the semiconductor chip industry.

Accordingly, commercial housing projects will be implemented through agreements to acquire land use rights or utilizing already possessed land use rights.

In Southeast Asia, it now trails Singapore, Bangkok (Thailand), and Jakarta (Indonesia) but outperforms Manila (the Philippines).

The projected route is to link Ho Chi Minh City with its neiboring province of Ba Ria - Vung Tau via a planned sea bridge.

Three investment options for the project have been proposed, with estimated costs ranging between $1.49 billion and $2.4 billion.

Solutions aim to promote the digital economy, infrastructure development, and attract investment, with the expectation that businesses will collaborate and contribute to sustainable growth.

The project is expected for completion by 2030.

Currently, the city is home to nearly 2,200 startup businesses, hosts over 500 events, and organizes 80 startup competitions annually.

It is estimated that total retail sales of goods and service revenue in the first two months of 2025 increased by 15.9% compared to the same period in 2024.

The southern city to activate new resources by integrating technology into development to drive economic breakthroughs.