HCM City needs nearly 29.8 billion USD for mid-term public investment plan

Ho Chi Minh City needs nearly 686 trillion VND (29.8 billion USD) for its mid-term investment plan for the 2021-25 period, according to the municipal People’s Council.

The Thu Thiem 2 Bridge project in HCM City, which will link District 1 with Thu Duc city(Photo: VNA)

HCM City (VNA) - Ho Chi Minh City needs nearly 686 trillion VND (29.8 billion USD) for its mid-term investment plan for the 2021-2025 period, according to the municipal People’s Council.

Of the sum, the city’s budget is estimated at 672.86 trillion VND, which will be earmarked for over 5,000 projects in line with the southern hub’s socio-economic development plan. 

More than 13 trillion VND is projected to come from the State budget.

Nhieu Loc - Thi Nghe canal in Ho Chi Minh City (Photo: Internet)

Priority will be given to programmes fostering collective economy and cooperatives in the 2021-25 of the city. 

The municipal People’s Council assigned the People’s Committee to keep a close eye and suggest the Prime Minister and centrally-run agencies consider and supplement the mid-term public investment plan in the period and the State budget, so as to help the city carry out the projects. 

The Committee has requested reviewing the projects, especially new ones, in a bid to ensure effectiveness./.

VNA