HCM City to focus on land, finance policies this year

VietNamNet Bridge – HCM City People’s Committee this year will focus on carrying out National Assembly’s Resolution No 54 on piloting special policies on land management, investment, finance and the state budget for the city.  The resolution, which takes effect on January 15, devolves decision-making on granting authority on several matters, including setting the salaries of civil servants whom the city manages. Speaking at a conference on socio-economic development plans and the city budget held yesterday, HCM City Party Committee Secretary Nguyen Thien Nhan said that, with the resolution, the city had a good base for development this year. Nguyen Thanh Phong, chairman of the city People’s Committee, said that plans to implement the policies would be carried out by March. To attract more investors, priority will be given to industrial parks, traffic infrastructure and high-tech areas, Nhan said. To reduce costs, Nhan said that capital acquired from land, land bids, and invitations for bids for projects should be used instead of designated contractors. The city should also invest more in science and technology, including creating an innovative urban area to improve the quality of growth and economic competitiveness, he said. He also instructed the city to develop ways to encourage innovative startups. This year, the city aims to reach a gross regional domestic product growth rate of 8.3 – 8.5 per cent. To reach the goal, the agricultural sector will have to rise by at least 6.3 per cent, while industry and construction will have to grow by 7.9…

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