Chủ đề: Ho Chi Minh City

City’s business and production activities clearly on the mend.

The Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) has proposed it research and invest in the construction of a north-south elevated road in Ho Chi Minh City, stretching 14 km and with total capital of VND30 trillion ($1.32 billion). The city has planned five elevated roads but no proposals have been forthcoming due to the huge cost.

Ring Road No. 3 in Ho Chi Minh City stretches more than 90 km and passes through four localities: Ho Chi Minh City and Binh Duong, Dong Nai, and Long An provinces, with total investment of nearly VND178 trillion ($7.81 billion). As it is difficult to attract investors due to the long return on investment period, the four localities have asked that the government provide about VND83.29 trillion ($3.66 billion) in capital support.

In order to improve and develop urban living, Ho Chi Minh City will set aside VND19.28 trillion ($847.49 million) over the next five years to relocate people living in “slums” along canals. Together with upgrading existing residential areas, the city will also select investors to develop a number of new urban areas.

A list of 147 of the best cities in the world to combine work and play has been released by Holidu, a British website specializing in international tourism. Three Vietnamese cities appear: Hanoi, ranked 18th, Ho Chi Minh City 21st, and Hoi An 32nd.

Ho Chi Minh City’s economy was one of the hardest hit by the fourth wave of Covid-19, but with its overall capacity remaining intact, well-targeted, fast, and effective recovery programs are being implemented and will enable it to accelerate its development from 2022. Nearly VND30 trillion ($1.32 billion) is needed for such programs.

After closing down due to the pandemic, Ho Chi Minh City’s tourism sector has introduced a new product: waterway tours along the Bach Dang River in its Can Gio district. The city has also coordinated with south-central Khanh Hoa, Phu Yen, and Binh Dinh provinces to restore tourism activities from November 1.

There are to be ten urban areas along Metro Line No.1 in Ho Chi Minh City, which will be densely populated and have synchronized technology and social infrastructure. Their total area will be over 577 ha.

Ho Chi Minh City will delay the collection of seaport fees by six months, to April 1, 2022, instead of October 1, 2021. With two delays also introduced in toll collections, the city has helped businesses save some VND2.2 trillion ($97.19 million).

Total State budget revenue in Ho Chi Minh City during the first nine months of 2021 reached nearly VND280 trillion ($12.32 billion), representing 76.5 per cent of the estimate and rising 11 per cent year-on-year, in which revenue from real estate and securities businesses posted the highest increase.

Though real estate supply and demand in Ho Chi Minh City and Hanoi have both fallen, prices have nonetheless increased year-on-year. One reason for this is cash flow changing from other sectors, such as stocks, to the real estate sector.

Construction at 25 key traffic projects in Ho Chi Minh City will resume after October 1, when social distancing is brought to an end.

The Ho Chi Minh City Tax Department has launched an electronic transaction portal - HCMTax - for the completion of tax obligations and procedures amid Covid-19.

PM signs off on planning for city within HCMC to 2040.

Southern economic hub to be not only a dynamic and innovative city in Vietnam but also a financial and service center in Southeast Asia and the Asia-Pacific.

People in Ho Chi Minh City who have had two doses of Covid-19 vaccine or are proven to have antibodies will be granted a “green card” and can participate in almost all economic and production activities.

Ho Chi Minh City is discussing a plan to gradually reopen and restore production and business from September 15. Businesses, however, still need to be careful, flexible, and methodical in controlling risks.

The Ho Chi Minh City People’s Committee held a meeting on Covid-19 between city authorities and representatives of FDI enterprises in the city on August 20. City leaders told the FDI enterprises that the city will remove difficulties and restore production and business as well as speed up the second round of vaccinations for workers.

The number of daily Covid-19 cases and the infection rate in Ho Chi Minh City have both fallen significantly. Deputy Prime Minister Vu Duc Dam suggested that the city gradually allow production and business activities to enter into a “new normal” after vaccination rates are achieved. The city has completed disbursing the first support package for those affected by the pandemic, with a total cost of over VND700 billion ($30.52 million), and is implementing the second package, with a total cost of more than VND900 billion ($39.24 million).

In order to prevent the spread of Covid-19, the Ministry of Transport (MoT) has sought to limit the number of flights to and from Hanoi’s Noi Bai International Airport, with there to be fewer than two return flights daily between the capital and Ho Chi Minh City, based on actual demand.