HCMC chairman urges removal of obstacles for projects

At a meeting of the HCMC government on the city’s socioeconomic performance in May and the first five months of the year, Phong also asked the department to organize a conference to evaluate the effectiveness of the city’s investment promotion programs and report the plan for executing the city’s socioeconomic development in the 2021-2030 period with a vision to 2050 to the Standing Board of the municipal Party Committee.

Director of the HCMC Department of Planning and Investment Le Thi Huynh Mai noted that in the first five months of the year, trade and direct investment promotion activities were efficient.

The city attracted nearly VND348.5 trillion (US$14.9 billion) in domestic investment and US$2.77 billion in foreign investment in the period, up 4.6% and 49% year-on-year, respectively. In addition, the city reported high growth in export, retail revenue and agricultural and industrial production, according to Thanh Nien.

The city currently has 11 projects under construction. Some VND99 billion in official development assistance loans and VND25.3 billion in reciprocal capital were disbursed for such projects, accounting for nearly half and 2.11%, respectively, of the plan, reported the newspaper.

Concluding the meeting, HCMC Chairman Phong asked the heads of the competent agencies to take charge of reforming administrative procedures as 2019 was chosen as the year of breakthroughs for administrative reform.