Ho Chi Minh City wants to promote innovation and multi-national cooperation, and calls for public investment in order to shift to a greener and more sustainable economy, a local official has said.
HCM City aims to shift to a greener and more sustainable economy. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City wants to promote innovation and multi-national cooperation, and calls for publicinvestment in order to shift to a greener and more sustainable economy, alocal official has said.
Chairman of the municipal People’s Committee PhanVan Mai told an investment conference for HCM City’s green growth on January 24that the southern largest economic hub has been identified as one of the world's 10 cities heavily affected by climate change.
He cited the latest research results published bythe Institute of Environment and Natural Resources under the Vietnam NationalUniversity - HCM City showing that on average, the total greenhouse gasemissions in the city exceed 60 million tonnes of CO2 each year.
Against the backdrop, HCM City has opted for greengrowth as its future development strategy, considering it the top priority toachieve economic prosperity, environmental sustainability and social equality,the official noted, adding that it has set the target of cutting gas emissionsby 10% by 2030.
Addressing the conference, jointly held by the municipal People's Committee and the World Bank (WB), Carolyn Turk, WB Country Directorfor Vietnam, suggested HCM City put forth a suitable strategy to achieve thetarget.
Chairman of the municipal People’s Committee Phan Van Mai. (Photo: VNA)
She stressed that the city is facing risks from climate change and chronic flooding, adding averageannual economic losses due to flooding is about 250 million USD, which isprojected to escalate every year.
HCM City should offer incentives to encourage theprivate sector to engage in the green transition, she said, pledging that theWB will support the city in the implementation of the emission reductionstrategy and the access to financial sources.
On this occasion, the municipal People's Committee unveiled 28 projectsthat are calling for investment, covering high-tech, financial and commercial centrebuilding, transport infrastructure, and waste water treatment, among others./.
The Ho Chi Minh City Union of Business Associations (HUBA) has proposed a number of measures to help businesses overcome challenges and foster green growth and digital transformation this year.
New supply in the industrial real estate market in Ho Chi Minh City and neighbouring provinces has been slow amid an increase in demand from manufacturing industries during the peak year-end buying season before Tet (Lunar New Year) Festival.
Ho Chi Minh City is trying to bring a breath of fresh air to local industrial parks (IPs) and export processing zones (EPZs) with a view to attracting more foreign investment.
Overseas remittances to Ho Chi Minh City in 2023 reached over 9.46 billion USD, marking a year-on-year increase of 43.3% and a record high in the last ten years, Deputy Director of the State Bank of Vietnam (SBV)'s Ho Chi Minh City branch Nguyen Duc Lenh said on January 23.
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.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
HCM City aims to shift to a greener and more sustainable economy. (Photo: VNA) 
Chairman of the municipal People’s Committee Phan Van Mai. (Photo: VNA) 
