The 23rd meeting of the HCM City People’s Council for the 2016-2021 tenure on December 9 discussed and adopted resolutions and schemes relating to orientations for the city’s development during the 2021-2025 tenure.
The 23rd meeting of the HCM City People’s Council for the 2016-2021 tenure on December 9 discusses and adopts resolutions and schemes relating to orientations for the city’s development during the 2021-2025 tenure. (Photo: VNA)
HCM City (VNA) - The 23rd meeting of the HCM CityPeople’s Council for the 2016-2021 tenure on December 9 discussed and adoptedresolutions and schemes relating to orientations for the city’s development duringthe 2021-2025 tenure.
In the resolution on the 2021-2025 financial plan, the city will striveto bring in over 1.9 quadrillion VND for the State budget and more than 377trillion VND (16.3 billion USD) for the local budget. Local expenditure willsurpass 420 trillion VND while development expenses will hit more than 160trillion VND.
The resolution also offered key measures to fulfil the plan, such as enhancingmanagement to ensure the sustainability of State revenue, strengthening corporatefinancial management, stepping up the equitisation of State-owned enterprisesand restructuring financial investment, and improving the business environment.
Another resolution on the public investment plan in 2021 was alsoapproved, with total State capital of over 3.8 trillion VND, more than 3.6trillion VND of which will be official development assistance (ODA).
Delegates also ratified resolutions on authorities’ borrowing and debtpayment plans, entry fees to Rung Sac military base, the outlying district ofCan Gio and the historic Cu Chi tunnels, a scheme on upgrading transportationinfrastructure at seaports, and ensuring the efficiency of the restoration andmaintenance of relic sites.
They approved a resolution on a sustainable poverty reduction programme forHCM City during the period, with support measures given in detail, such as in thediversification of livelihoods, the spreading of poverty reduction models, jobcreation, nutritional improvements, health insurance, education, and housing.
Other resolutions on cultural-arts events, support for fighting humantrafficking, and the purchase of health insurance for HIV/AIDS patients werealso adopted.
ꦗ The municipal People’s Council approved a resolution on theestablishment of the Office of the Delegation of National Assembly Deputies andthe People’s Council, and the approval of personnel on the State payroll for2021./.
Ho Chi Minh City is expected to need an additional 160,000 social housing apartments in the next decade to meet its rising population and demand for affordable housing, according to the city’s Department of Construction.
HCM City ranked 19th out of 86 cities globally for expats to live and work, and was only surpassed in Asia by Singapore and Kuala Lumpur, according to the Expat City Ranking 2020 by InterNations.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
The 23rd meeting of the HCM City People’s Council for the 2016-2021 tenure on December 9 discusses and adopts resolutions and schemes relating to orientations for the city’s development during the 2021-2025 tenure. (Photo: VNA) 
