Specific mechanisms, policies for HCM City’s development under NA’s consideration
A proposal and a verification report on the National Assembly’s draft resolution on some specific mechanisms and policies for the development of Ho Chi Minh City were scrutinised during the ongoing fifth meeting of the 15th legislature on May 26 morning.
Hanoi (VNA) - A proposal and a verificationreport on the National Assembly’s draft resolution on some specific mechanismsand policies for the development of Ho Chi Minh City were scrutinised duringthe ongoing fifth meeting of the 15th legislature on May 26 morning.
Minister of Planning and Investment Nguyen Chi Dung,who presented the proposal, noted that the draft resolution is intended tocreate a legal framework for the country's largest economic hub to optimise itspotential and advantages, create breakthroughs, and remove bottlenecks in localsocio-economic development.
The document features new policies coveringinvestment, finance-banking, land management, and planning and apparatusorganisation.
Regarding the new policies and mechanisms, theGovernment raised proposals on the city’s use of public investment capital sourcedfrom the city budget and its pilot application of the urban development modeltowards Transit Oriented Development (TOD).
Besides, HCM City should be allowed to expand investmentareas under the public-private partnership (PPP) for sport and cultureprojects, and apply the Build-Operate-Transfer (BOT) contract in the presentroad projects and carry out such BOT projects using its budget, and implementregional, inter-regional projects with the local budget.
The draft resolution also stipulates incentives toattract strategic investors in such areas as chip production, semiconductorintegrated circuit and new materials, conditions for strategic investors, proceduresof project registration, and the selection of strategic investors, amongothers.
Minister of Planning and Investment Nguyen Chi Dung presents the proposal. (Photo: VNA)
Chairman of the NA’s Finance-Budget Committee LeQuang Manh, who represented the assessment agency, noted that the report shouldevaluate precisely both positive aspects and challenges to the implementationof the policies and mechanisms, especially those impacting the State budgetspending and the current resources.
It needs to include more policies on budgetcollection as the city has great advantages in terms of sources of income, hesaid, adding that more regulations on responsibility of organisations andindividuals should be supplemented, apart from those on decentralisation.
To realise such regulations, it requires many guidancedocuments. Therefore, the committee suggested the resolution stipulating whatshould be done and responsibility of those involved./.
Ho Chi Minh City always pays attention to promoting trade and investment cooperation with the Czech Republic, said Nguyen Van Dung, Vice Chairman of the municipal People's Council when receiving Jan Bartosek, Vice Chairman of the Chamber of Deputies of the Parliament of the Czech Republic, in the southern city on May 25.
A draft resolution on some specific mechanisms and policies for the development of Ho Chi Minh City and the settlement of voters’ petitions are among the issues to be discussed at the ongoing fifth session of the 15th National Assembly (NA) on May 26.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
The ministry has instructed Vietnamese representative agencies in Israel, Iran, as well as those in neighbouring countries, to closely monitor the situation and request local authorities to ensure absolute safety for Vietnamese citizens living, studying, and working in high-risk areas.
Senior Vietnamese leaders on June 19 sent letters of congratulations to New Zealand leaders on the occasion of the 50th founding anniversary of Vietnam – New Zealand diplomatic relations (June 19, 1975 – 2025).
At the NA's working session. (Photo: VNA) 
Minister of Planning and Investment Nguyen Chi Dung presents the proposal. (Photo: VNA) 
