HCMC aims to attract over $24 bln in social investment in 2025

The Ho Chi Minh City People's Committee has approved a plan to mobilize social resources for infrastructure development, aiming for a minimum investment of VND600 trillion ($23.5 billion), or more, of VND620 trillion ($24.3 billion) in 2025.

Under the plan, the city prioritizes development of modern and synchronized infrastructure systems in transport, energy, and telecommunications. This includes the completion of national highways and regional and inter-regional connecting road systems.

Ho Chi Minh City will accelerate the investment progress in key national projects, especially Ring Road 3, Ring Road 4, the Tan Son Nhat International Airport upgrade project, the Can Gio International Transhipment Port project, and the Lotte Eco Smart City project.

In particular, the city will invest in science and technology, aiming to make an annual average contribution of 1.0% or more to GRDP.

The city is also calling for socialization of investment projects in various fields, including transport (including BOT projects such as Thu Thiem Bridge 4, Can Gio Bridge, Ring Road 4, Ho Chi Minh City - Moc Bai Expressway), the Northwest Solid Waste Treatment Plant project, and projects in sports, culture, education, and healthcare.