The US$125 million credit is aimed to assist Ho Chi Minh City to strengthen the institutional foundations for sustainable urban development (Photo: VNA)

WB to provide credit for institutional reforms in HCM City

A US$125 million credit has been approved by the World Bank (WB) Board of Executive Directors to assist Ho Chi Minh City in strengthening the institutional foundations for sustainable urban development. 
Mr. Tran Quoc Vuong, Politburo member and permanent member of the Communist Party of Vietnam (CPV) Central Committee's Secretariat delivers a speech at the working session with HCMC Party Committee on May 4 (Photo: SGGP)

HCMC should have policies to attract large private firms: Party official

Mr. Tran Quoc Vuong, Politburo member and permanent member of the Communist Party of Vietnam (CPV) Central Committee's Secretariat, on May 4 stressed that HCMC is the giant of the country so the city’s thinking must be different from other localities, especially to polices to encourage and facilitate large private firms’ investment and development in the city.


Foreign tourists buy goods at Ben Thanh Market. (Photo: SGGP)

Ho Chi Minh City becomes more attractive to visitors

According to the Department of Tourism of Ho Chi Minh City, the number of foreign visitors to the city was estimated at more than 2.2 million people since the beginning of this year with total tourism revenue at about VND40 trillion (US$1.72 billion), achieving 26.6 percent of this year’s plan.
HCMC to ban vehicles from city centre roads during holidays

HCMC to ban vehicles from city centre roads during holidays

Ho Chi Minh City will to ban all vehicles between 5:30 pm and 9:30pm on Dong Khoi street on April 26, between 4:30am and 10:30am on Le Duan street on April 28, and between 7pm and 9:30am on Nguyen Hue Pedestrian Street on April 30 in District 1.
A top side view of the first metro line project Ben Thanh-Suoi Tien in the area of Ba Son shipyard, HCMC (Photo: SGGP)

Government supports special mechanisms for ground clearance in HCMC

Prime Minister Nguyen Xuan Phuc had a meeting with leaders of Ho Chi Minh City on April 12 on the implementation of special policies and procedures to shorten times for the compensation, resettlement, and handover of land during ground clearance for infrastructure development in the city.