A number of bidding packages under the Green Transport Development Project, to develop a new Bus Rapid Transit (BRT) corridor in HCM City, are scheduled to be kick started in the fourth quarter of 2021, according to the HCM City Management Board for Traffic Works Construction and Investment.
The Ho Chi Minh City People's Committee has urged the city’s Management Authority for Urban Railways (MAUR), the Management Board for Traffic Works Construction and Investment and relevant agencies to speed up implementation of the first bus rapid transit route (BRT No 1), which will connect with Metro Line No 1.
Ho Chi Minh City is expected to need an additional 160,000 social housing apartments in the next decade to meet its rising population and demand for affordable housing, according to the city’s Department of Construction.
Ho Chi Minh City’s authorities plan to offer competitive land rents and other incentives at industrial parks (IPs) and export processing zones (EPZs), and earmark more land for building infrastructure to attract investment.
HCM City is drawing up a master plan on solid waste management and treatment for the next five years, aiming to have 100 percent of its domestic solid waste to be collected and treated and at least 80 percent of solid household waste classified at source.
Although the collective economy in Ho Chi Minh City has gained positive results, limitations still exist, district officials and cooperative leaders have said.
HCM City is enacting numerous solutions to facilitate FDI into the city by focusing on infrastructure and administrative procedures, as the fund poured into it has been dwindling this year.
The HCM City People’s Committee has instructed the Department of Construction to come up with a comprehensive programme for building public parks and increasing the green cover over the next decade.
Many roads in the outlying district of Binh Chanh district in Ho Chi Minh City are now blanketed by moss roses and attracting crowds of visitors. The sight is the result of a joint effort by local authorities and residents to tackle littering.
Despite short-term difficulties, the prospects for industrial park stocks will increase after the COVID-19 pandemic is over, driven by the relocation of global firms to diversify supply chains, with many picking Vietnam as their destination.
Investment for Ho Chi Minh City’s first Bus Rapid Transit (BRT) route extending 25km between the city’s eastern and western sections has been cut by 13 million USD to 143 million USD by the municipal People’s Committee.
Ho Chi Minh City authorities promise to offer competitive land rentals and other incentives at industrial parks (IPs) and export processing zones (EPZs) besides improving the business environment and simplifying administrative procedures to attract investment.
Ho Chi Minh City and its neighbouring Long An Province plan to widen seven roads that connect each other by 2025 at a cost of 24.4 trillion VND (1.05 billion USD).
Foreign investment in Ho Chi Minh City has totalled 2.37 billion USD this year, including new and additional capital and share purchases, down 32.9 percent year-on-year.
Ho Chi Minh City’s Department of Education and Training plans to hire 514 additional teachers and educational staff for schools and continuing education centres in the 2020-2021 academic year.
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