Construction Activities
HCM City boosts administrative reform to become smart city
5/9/18 2:15 PM

Last year, Ho Chi Minh City attracted US$6.6 billion worth of foreign direct investment (FDI). In the first quarter of this year, FDI totaled US$1.4 billion and the city is calling for FDI resources for key projects, including a plan for a smart city.

Ho Chi Minh City is implementing the National Assembly’s resolution to pilot customized policies for the city’s development with a focus on reforming its innovation mechanism, using resources properly, and selecting investors via public and transparent bidding.

In the short term, the City will develop an innovative urban area which combines district 2, district 9, and the Thu Duc district, encompassing 20 universities and a high-tech zone. The area will become a center of finance, science, technology, and a core for the development of other parts of the city.

Su Ngoc Anh, Director of the municipal Planning and Investment Department, said: “We are reviewing the planning of industrial and processing zones. We have prepared land for an innovative urban area to build a smart city.”

Many foreign investors, especially investors from the US and Europe, are keen on the project. FDI companies have pledged technological support for smart city development.

Nguyen Thanh Phong, chairman of the Ho Chi Minh City People’s Committee, said the city administration will radically upgrade its investment and business environment.

He said,“I can say that all businesses, private or foreign, are treated equally. Inspections are conducted once a year. We will not criminalize economic issues and are ready to handle businesses’ problems.”

Source: VOV