For the first time, Ho Chi Minh City's budget revenue exceeded 500 trillion VND.

According to Ho Chi Minh City Party Secretary Nguyen Van Nen, although the growth target only reached 7.17% compared to the target of 7.5-8%, the city's budget revenue in 2024 reached more than VND502 trillion.

This morning (December 4), the Ho Chi Minh City Party Executive Committee held its 34th conference for the 2020-2025 term.

The conference aims to discuss, evaluate and propose solutions for 4 contents, including reports on Party building, government, and mass mobilization work; on the socio-economic situation; a 4-year report on actual investment and construction of the Thu Thiem New Urban Area; and a 3-year overall report on epidemic prevention, control and economic recovery of the city.

Secretary 2.jpg — Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen delivered a speech at the conference. Photo: HV

Speaking at the opening of the conference, Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen said that in 2024, Ho Chi Minh City will have both opportunities and challenges intertwined.

In that context, the City Party Committee determined to strengthen the work of Party building and rectification, determined to transform digitally, build an effective civil service...; at the same time, put forward groups of solutions and targets with the determination to achieve growth of 7.5-8%.

The head of the City Party Committee affirmed that with the spirit of solidarity and common efforts, the city has promoted internal strength, seized opportunities, cleared and removed many bottlenecks, and together with the business community developed the economy and improved people's lives...

Thereby, the whole year is expected to grow by about 7.17%; the whole year's budget revenue is more than 502 trillion VND, up 12% over the same period, contributing to 27% of the country's total revenue.

"This is a commendable effort of the city, contributing to the country's results of economic and social stability and development," the Secretary of the City Party Committee expressed.

Besides, according to Secretary of the City Party Committee Nguyen Van Nen, the work of digital transformation and the implementation of Resolution 98 of the National Assembly also achieved many encouraging results; many tasks have been put into practice, bringing positive effects.

However, besides the positive aspects, the head of the Ho Chi Minh City Party Committee noted that there are still many limitations and weaknesses that are hindering the city's development. In particular, the growth rate of only 7.17% compared to the target of 7.5-8% is something that should be considered and evaluated to overcome.

Strategic breakthroughs in urban infrastructure, transportation, pollution reduction projects, flooding, housing renovation, housing construction... have not achieved the desired results.

In particular, disbursed public investment capital has not met the set target.

Therefore, the Secretary of the City Party Committee requested that at the conference, delegates need to thoroughly consider all issues; propose solutions to overcome limitations and weaknesses; promote strengths to develop the city faster and more sustainably.

Completion of Thu Thiem urban area by 2030

In addition to the economy, the Secretary of the City Party Committee said that the work of Party building, rectification, and government building continued to achieve relatively comprehensive results.

Inspection and supervision work; prevention and combat of corruption, waste and negativity continue to be promoted and regularly implemented.

thuthiem 1.jpg — Thu Thiem Peninsula (Thu Duc) seen from above

Government building is associated with building a professional administration to improve the efficiency of the civil service.

Emphasizing the Thu Thiem new urban area project, Mr. Nen said that the City Party Committee has discussed many solutions to accelerate investment and construction of the Thu Thiem new urban area to reach the target by 2030.

"I suggest that delegates focus on giving opinions on leadership and direction in the coming time to overcome shortcomings and violations; continue to build and perfect mechanisms and policies, call for investment, speed up project progress, and strive to complete the Thu Thiem new urban area in accordance with the policies set forth by the City Party Committee," the City Party Committee Secretary directed.

Chairman of Ho Chi Minh City monitors and directs the resolution of the 10 trillion VND flood prevention project

Ho Chi Minh City Chairman Phan Van Mai was assigned to monitor 10 major backlog projects, including a nearly 10 trillion VND flood prevention project, to resolve problems and put them into use soon to prevent waste.