Gov't talks development mechanisms for HCM City: press conference
The Government’s monthly meeting featured discussions on pilot development mechanisms for Ho Chi Minh City, with a plan to be submitted to the National Assembly during its ongoing fourth session for review.
Chairman of the Office of the Government Mai Tien Dung speaks at the press conference on November 3 (Photo: VNA)
Hanoi (VNA) - The Government’s monthly meeting featureddiscussions on pilot development mechanisms for Ho Chi Minh City, with a plan to besubmitted to the National Assembly during its ongoing fourth session forreview.
The information was made byChairman of the Office of the Government Mai Tien Dung during a pressconference in Hanoi held following the meeting on November 3.
The mechanisms for the southern economic hub will concern four main areas: urban planning and land management,finance and investment management, authorisation mechanisms, and the income of the city’s publicservants.
According to the chairman, the issuance ofa resolution on these mechanisms is “a necessity” as HCM City is the ‘economiclocomotive’ of the country and contributes the most to the State budget.
Regarding the country’s economy situation,also according to Dung, Vietnam’s macroeconomy remains stable and in linegovernment’s monetary and credit plans.
Foreign direct investment (FDI) reached arecord of 28.2 billion USD in the first 10 months, up 37.4 percent from the sameperiod in 2016. Import and export of goods also posted positive results,increasing by 22 percent over the same period, and the trade surplus reached 1.2 billion USD.
In terms of tourism, international arrivalsreached 10.4 million by the end of October against the the year-end target of13 million.
Regarding slow the equitisation ofState-owned enterprises, Deputy Minister of Planning and Investment Nguyen The Phuong said this even though this process must be done quickly, but “in orderto achieve effective equitisation, thorough asset evaluation must be carriedout, otherwise, serious losses of State assets could occur.”
On the controversial draft law on cybersecurity, whereby foreign technology corporations like Facebook and Googlecould be asked to relocate servers holding Vietnamese users’ information to Vietnam,the chairman of the Government Office said the fact remains that overseasservers make State management much more difficult especially with hostileorganisations and individuals having used social media to spread anti-Statepropaganda.-VNA
Upgrading old buildings and relocating households living near canals are among the major projects that HCM City aims to carry out now and in the near future, according to city authorities.
The HCM City Centre for Supporting Enterprise Development (CSED) on October 18 signed a Memorandum of Understanding (MoU) with 30 organisations to provide support to SMEs, including start-ups.
Ho Chi Minh City, the southern economic hub, attracted 5.04 billion USD in foreign direct investment (FDI) in the first 10 months of 2017, a two-fold increase year on year.
Foreign and domestic investment in HCM City has significantly increased and industrial production remains robust, a meeting to review the city’s socio-economic development in the first 10 months of this year on October 30 heard.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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.
Chairman of the Office of the Government Mai Tien Dung speaks at the press conference on November 3 (Photo: VNA) 
