HCM intensifies efforts to complete socio-economic development goals

HCM City intensifies efforts to complete socio-economic development goals

Ho Chi Minh City is exerting more efforts to complete the 2019 socio-economic development goals, heard a meeting of the municipal Party Committee on October 2.
HCM City intensifies efforts to complete socio-economic development goals ảnh 1A corner of dynamic Ho Chi Minh City (Photo: VNA)

HCM City (VNA) – Ho Chi Minh City isexerting more efforts to complete the 2019 socio-economic development goals,heard a meeting of the municipal Party Committee on October 2.

Politburo member Nguyen Thien Nhan, Secretary ofthe municipal Party Committee, chaired the 32nd meeting of the 10th-tenure municipalParty Committee.

Vice Chairman of the municipal People’sCommittee Tran Vinh Tuyen reported that the city’s economy continued growing inthe first nine months of 2019 with the gross regional domestic product (GRDP)estimated at over 1 trillion VND (43.1 million USD), up 7.81 percent.

In January-September, the State budget collectionproved effective, surpassing 287 trillion VND, up 7.23 percent, fulfilling 71.9percent of the yearly projectioni. The total retail sales of goods and servicesrose by 11.9 percent over the same period last year. The export turnoverexceeded 31 billion USD, a yearly rise of 10.5 percent.

During the period under review, the citywelcomed over 6.2 million foreign tourists, up 14.3 percent year-on-year. Itdrew 5.43 billion USD of foreign investment, a year-on-year increase of 3.48percent.

The positive results were attributed to localefforts in removing difficulties for investors and speeding up theimplementation of projects.

Local authorities also visited businesses tocollect their opinions to improve investment environment, business production,and competitiveness as well as address public matters.

According to Tuyen, the city proactivelycoordinated with ministries to unlock bottlenecks in the implementation of keyprojects.

So far this year, it has held 10 internationalworkshops and conferences on various fields such as artificial intelligence,schemes to develop trees, parks, public lighting, human resources training, andsmart tourism.

The city is also focusing on administrativereform and striving to build itself into a smart urban area./.
VNA

See more

Vietnamese Ambassador to France Dinh Toan Thang (R) and Paris Fair Director Steven Abajoli visit the Vietnamese pavilion. (Photo: VNA)

Green Vietnamese products shine at Paris int’l fair

The Vietnamese pavilion introduces eco-friendly handicrafts for the first time, including loofah-fibre towels, recycled denim bags, and animal figurines made from wood and bamboo scraps, displayed alongside traditional items in the Asia Hall.

Representatives of Halal markets are impressed by the beauty of Ha Long Bay, which is recognised by UNESCO as a World Heritage Site (Photo: Quangninh.gov.vn)

Vietnam studies nuances for successful Halal tourism

Muslim tourism has become a global trend and is playing an increasingly vital role in many countries' tourism sectors, said Dr. Trinh Thi Thu Ha, Rector of the Hanoi College of Commerce and Tourism.

Sun Group signs a MoU with Emirates, April 30, 2025. (Photo: Sun Group)

Emirates, Sun Group partner to promote tourism in Vietnam

The MoU was signed during the Arabian Travel Market (ATM) in Dubai by Orhan Abbas, Emirates’ Senior Vice President of Commercial Operations for the Far East, and Nguyen Vu Quynh Anh, Deputy CEO of Sun Group cum CEO of Sun Entertainment & Hospitality Group.

The groundbreaking ceremony for the second phase of construction on Vietnam’s first locally owned semiconductor chip factory. Photo courtesy of CT Semiconductor (Photo: VNA)

Construction of first locally-owned semiconductor factory begins

The groundbreaking ceremony, held in Binh Duong province, was attended by Deputy Prime Minister Nguyen Chi Dung, Deputy Minister of Science and Technology Pham Duc Long and leaders from universities, research institutions and international partners.

On April 15, Ho Chi Minh (HCM) City organises a ceremony to honour 50 outstanding businesses with leading brands and products of the city in celebration of the 50th anniversary of Southern Liberation and National Reunification (April 30, 1975-2025). (Photo: VNA)

HCM City’s leading enterprises embrace innovation in new era

Currently, HCM City's businesses contribute over 50% of the city’s GRDP, 67% of total investment, and 25% of national import-export turnover. Many of these enterprises have built strong domestic reputations and are increasingly succeeding in international markets.

Vinh Loc 2 industrial park in Ben Luc district, Long An province, which borders HCM City's Binh Chanh (Photo: VNA)

Production restructuring fuels demand in industrial real estate

With a solid foundation, increasing investor confidence, and strategic government support for sustainable and high-tech development, Vietnam’s industrial real estate market is well-positioned to become a regional leader in the era of sustainable prosperity.

Illustrative image (Photo: thoibaonganhang.vn)

Vietnamese gov’t approves two-year trial of P2P lending

Under the pilot, only P2P lending companies licensed by the State Bank of Vietnam (SBV) will be allowed to operate. Foreign banks are excluded from participation. While credit institutions and fintech firms may join the trial, participation does not guarantee future compliance with business or investment regulations once formal laws are enacted.

Processing dragon fruit for exports (Photo: VNA)

Overseas Vietnamese help Vietnamese products go global

In 2016, approximately 4.5 million Vietnamese were residing in 109 countries and territories. Today, the figures have risen to over 6 million and more than 130, respectively. Once focused on small-scale trade, many OV entrepreneurs now own major retail centres and operate extensive wholesale networks, boosting the availability of Vietnamese products abroad.

Illustrative image (Photo: VNA)

PM orders fast-track construction of Lao Cai - Hanoi - Hai Phong railway

The Minister of Construction was asked to work closely with local authorities to hasten land clearance, compensation, resettlement, site surveys, and the drafting of a feasibility study, which must be completed by June 2025, setting the stage for the project's groundbreaking on December 19, 2025.

LNG import operations at Thi Vai terminal. (Photo: VNA)

Vietnam cuts LNG import tariff to boost clean energy transition

The Vietnamese Government has reduced the preferential import tariff on liquefied natural gas (LNG) from 5% to 2% under Decree No. 73/2025/ND-CP, issued on March 31. The move marks a key step in accelerating the country’s shift from fossil fuels to cleaner energy.