City fosters administrative reform to facilitate investors’ operation

SGGP
Chairman of HCMC People’s Committee Nguyen Thanh Phong yesterday prompted Departments of Internal Affairs and Planning and Investment to consult the committee on establishment of an interagency working group, aiming to reduce time for solving administrative procedure for investors and facilitate their operations in the city.
 

HCMC Chairman Nguyen Thanh Phong states at the conference reviewing socioeconomic conditions in the first 11 months this year on November 30 (Photo: SGGP)

HCMC Chairman Nguyen Thanh Phong states at the conference reviewing socioeconomic conditions in the first 11 months this year on November 30 (Photo: SGGP)

Speaking at a conference reviewing city socioeconomic conditions in the first 11 months this year, chairman Phong said that the group would officially come into operation in 2018.
At present when investors submit applications to implement their projects, agencies show them to go around from this agency to others for a long time. Investors do not know when their documents will be handled.
Therefore, the city will clearly stipulate the process and time to solve documents for investors to make it public and transparent and create advantageous conditions for investors.
According to Mr. Phong, 2017 will wrap up in only one month. With current growth rate, it will be difficult for the city to obtain the growth target of 8.4-8.7 percent. The city must make much efforts to get budget revenue target.
In 2018, HCMC will focus on implementing smart city project. At first it will build a shared data center, management center, network security center and project simulation center and some part projects of the smart city.
Reporting economic conditions, director of the Department of Planning and Investment Su Ngoc Anh said that since early this year, commerce and export import continued growing.
Total retail sale of goods and services was estimated to near VND837.4 trillion (US$36.86 billion), a year on year increase of 11.51 percent. Of these, goods retail trade accounts for 64.3 percent, up 11.76 percent.
Some commodities maintained high export growth rate such as rubber 18 percent; vegetables and fruits 22.5 percent; computers, electronic products and components 25.3 percent; means of transport 55.1 percent.
The leader of the Department of Industry and Trade reported strong growth of commerce centers, retail and convenient stores. E-commerce grew 20 percent with revenues estimated to reach VND53.7 trillion ($2.36 billion).
By the end of November, the city had 127,000 commerce websites, up over 30 percent compared to 2016 when there was 96,000. The number of e-commerce websites in HCMC accounts for over 80 percent of the country’s.
The leader said that trade methods will vigorously change and gradually transfer into e-commerce. If there is good investment and suitable management, the field will make positive contributions to the city’s economic development.

By KIEU PHONG – Translated by Hai Mien

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