Ho Chi Minh City: Removing obstacles for major projects related to Van Thinh Phat and SCB to attract investment

Ho Chi Minh City has many large-scale projects waiting, for example in the SCB and Van Thinh Phat cases. Difficulties must be resolved promptly to have capital for investment and development.

Chairman of Ho Chi Minh City People's Committee Phan Van Mai shared at the conference - Photo: HL

The above information was stated at the 3rd Conference of the Vietnam Fatherland Front Committee of Ho Chi Minh City, term XII, 2024-2029, held on the afternoon of December 26.

Resource mobilization is a key factor in city development.

At the conference, Chairman of the Ho Chi Minh City People's Committee Phan Van Mai said that Ho Chi Minh City achieved a number of positive socio-economic results in 2024, especially in a challenging context.

The city identified two things to focus on in 2025.

First , complete the tasks of this term and prepare for the congress, build plans and conditions to implement the new term.

Second , continue to implement digital transformation and Resolution 98, because this is one of the focuses. Along with that is the determination of the City in resolving the remaining problems as the Secretary of the City Party Committee wished "at the end of the term, the major backlogs must be resolved. The stones that are weighing on the feet must be cut off".

The Chairman of the Ho Chi Minh City People's Committee said that the city will focus on a number of important tasks in 2025, including restructuring the apparatus, mobilizing resources, reforming administrative procedures and resolving stuck projects.

Regarding the arrangement of the apparatus and administrative units, although it may cause disruption, if done well, it will facilitate future management work.

Delegates attending the conference - Photo: HL

Ho Chi Minh City is expected to have 27 Party Committees, including districts, Thu Duc City, government Party Committees, armed forces Party Committees and other organizations. Mr. Mai also informed about the proposal to continue retaining the Department of Food Safety, to meet the specific requirements of the city but in a spirit consistent with the central government's policy.

Besides, resource mobilization is a key factor in the city's development, especially investment capital. The total social investment of Ho Chi Minh City is estimated at about 620,000 billion VND, 35% of GRDP. Where does this figure come from? Mr. Mai said that public investment accounts for 100,000 billion VND, and FDI capital is expected to be 125,000 billion to 150,000 billion VND.

Mr. Mai also mentioned BOT and BT projects in the city according to Resolution 98, which are expected to collect about 50,000 billion VND. On the other hand, there are projects that are stuck. The city has many large-scale projects waiting, such as the projects in the SCB and Van Thinh Phat cases, which also need to be resolved to attract investment. Or the Lotte project in Thu Thiem that the city has recently worked on, which is expected to collect land use fees of about 16,000 billion VND and if it is completed within 7 years, it can collect about 2.3 billion USD.

“These are projects that if the city resolves, it will attract about 125,000 to 150,000 billion. The remaining investment is from city businesses and city residents, about 200,000 billion. Therefore, the city must improve the business investment environment, remove difficulties, and resolve them promptly to get capital sources,” Mr. Mai emphasized.

Hope the Fatherland Front continues to monitor development plans

Regarding administrative procedure reform, Ho Chi Minh City leaders said that the city is committed to strongly implementing solutions to improve work efficiency, especially transforming the administrative system to a digital platform.

The city's goal is that by the end of 2025, 75% of administrative procedures will be processed online. At the same time, the city will apply a formula for quick file processing, in which within 3 days of receipt, the file must be transferred to the processor and within 7 days the file must be processed.

In addition, Ho Chi Minh City will also focus on growth solutions, especially industrial development, trade services and digital economy. The city plans to implement a project to develop high-tech industry and build Ho Chi Minh City into a major service center of the country.

Mr. Phan Van Mai also shared about the steps in converting industrial parks into high-tech parks, which are expected to be piloted in some industrial parks such as Tan Binh and Cat Lai.

Finally, the Chairman of the Ho Chi Minh City People's Committee also requested the City Fatherland Front to continue to accompany in the work of monitoring and criticizing the city's development plans. Especially in building resolutions on urban government and major projects related to planning and economic development.

Resolutely improve the index of granting land use right certificates to people.

Speaking at the closing ceremony of the conference, Deputy Secretary of the City Party Committee, Chairman of the Vietnam Fatherland Front Committee of Ho Chi Minh City Nguyen Phuoc Loc said that the Vietnam Fatherland Front Committee of Ho Chi Minh City will continue to coordinate synchronously with the City People's Committee to participate in building the great national unity bloc and building an increasingly effective government.

The Vietnam Fatherland Front agrees and supports the city's 22 target groups and recommends that the City People's Committee continue to maintain the growth rate to ensure the completion of the set targets but must be determined to raise the index higher to see the sustainability of the development process.

Chairman of the Vietnam Fatherland Front Committee of Ho Chi Minh City Nguyen Phuoc Loc proposed that the Chairman of the City People's Committee continue to pay attention to and resolutely direct the improvement of the index on granting land use right certificates; resolutely direct the development of the city's housing index, including social housing.

Develop more trees and urban green areas, protect the city's underground water source, contribute to storing reserve rainwater that can be mixed into the water source to provide clean water when required or in case of an accident.

Ensuring fire prevention and fighting and other development requirements are associated with drastic solutions to reduce environmental pollution and protect the environment.

The Vietnam Fatherland Front of the City will continue to monitor and respond to the contents proposed by the City People's Committee.

Source: https://tuoitre.vn/tp-hcm-go-vuong-cac-du-an-lon-lien-quan-van-thinh-phat-scb-de-thu-hut-dau-tu-20241226172600873.htm