“The disbursement of public investment, especially key infrastructure projects, has a significant impact on addressing traffic congestion, flooding, and environmental pollution. These are bottlenecks that large cities like Hanoi and Ho Chi Minh City have long failed to fundamentally resolve. This, in turn, affects people's lives and directly impacts the city's competitiveness and investment mobilization,” PM Hung said.
The Prime Minister requested HCMC to review its growth scenario; identify the potential of each sector; optimize the remaining months of the year, especially in manufacturing, pharmaceuticals, logistics, finance and banking. He urged for developing strategic industries and high technologies, promoting new growth drivers based on digital infrastructure development, attracting large technology companies, and promoting innovative startups.
According to HCMC's report, the city's Gross Regional Domestic Product (GRDP) in Q1 grew 8.27%, the highest in five years. Foreign direct investment reached over 6.6 billion USD.
The two-tiered local government model after the merger has been operating stably and smoothly. 570 administrative procedures have been streamlined and simplified, with a reduction in processing time of nearly 40%.
