Politics

HCM City People’s Council adopts development resolutions

The Ho Chi Minh City People’s Council adopted resolutions on public investment, financial lending, and the recognition of Thanh An commune in Can Gio district as an island commune during its 22nd meeting on November 10.
HCM City People’s Council adopts development resolutions ảnh 1Chairwoman of the municipal People's Council Nguyen Thi Le speaks at the meeting (Photo: VNA)

HCM City (VNA) - The Ho Chi Minh City People’s Council adoptedresolutions on public investment, financial lending, and the recognition ofThanh An commune in Can Gio district as an island commune during its 22nd meeting on November 10.

The council adopted a resolution on the adjustment of lending and localdebt repayment plans, including over 14.19 trillion VND (613 million USD) worthof Government and domestic debts.

It also ratified a resolution approving a plan for issuing bondsworth 2 trillion VND in 2020.0

Participants agreed to adopt a resolution allowing the municipalPeople’s Committee to raise capital for the second stage of a local waterenvironment improvement project, the Tau Hu - Ben Nghe - Doi - Te canal basin,using Japanese loans of more than 2.37 trillion VND over 30 years.

The project has been carried out for eight years, using three loans. Itis therefore necessary to raise more capital to complete the project in thenear future.

A resolution recognising Thanh An commune as an island commune andanother on a downwards adjustment to 2016-2020 mid-term public capital in 153projects and one programme were also approved.

The council also approved a resolution on adjustments to the publicinvestment plan for this year./.

VNA
#Ho Chi Minh City People’s Council #Vietnamplus #Vietnam News Agency #Thanh An commune #Tau Hu - Ben Nghe - Doi - Te canal basin Ho Chi Minh City
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