The 2017 Economic Survey in HCM City has provided basic data about the number of enterprises, workers, the economic efficiency of companies and administrative units and proportion of information technology application, delegates heard at last Friday’s meeting to review the survey. “Such data will be a foundation for city authorities to build action plans and set up policies for socio-economic development in an effort to encourage modern science and technology application in all economic industries and administrative units,” Le Thanh Liem, vice chairman of the municipal People’s Committee and head of the Steering Committee for 2017 Economic Survey said. According to the results of the survey, HCM City now has 633,637 economic, administrative and religious units, an increase of 27 per cent in comparison with 2011. Of this amount, there are 173,000 enterprises, an increase of 62 per cent in comparison with 2011 and non-State enterprises make up 97.36 per cent, an increase of 65.35 per cent. Total capital at these non-State enterprises has increased 2.11 times to VND3.2 quadrillion (US$142 billion) and this is also the group that has created the most new jobs for labourers. However, the survey also shows that despite the fact that the number of enterprises has rapidly grown, most of them are small or tiny. Only 38 per cent of enterprises, around 64,600, have profits while nearly 97,000 others – 56.5 per cent – suffer losses. Total number of workers is 4.1 million, an increase of 19 per cent in comparison with 2011. “The… [Read full story]
HCM City plans to develop 39 million sq. metres of housing and increase the average housing space per person to 17sq.m during the 2011-15 period. In addition, the city aims to eliminate temporary housing and increase the rate of concrete houses to more than 75 percent by 2015. It will also complete the task of relocating 13,000 households living on canals, rebuild 30 old apartment buildings with total new housing area of 350,000sq.m for 6,500 households, and build about 10,000 houses for low-income people. By 2015, the city aims to meet the housing demand for city residents, improve housing quality…... [read more]
VietNamNet Bridge - Transportation authorities in HCM City plan to reduce the number of large buses and introduce smaller ones so that they can navigate crowded streets more easily. The city will invest in 1,680 new buses over the next five years, under a plan approved by the municipal People's Committee on Tuesday. The plan will have the city buy 700 new 40-seat busses and 409 new 55-seat busses in the 2013-15 period, reducing the number of 80-seat buses to 571. While all new buses will be airconditioned, have separate entrance and exit doors and low floors, some will have…... [read more]
Kerry suggested the city improve transparency of the governance mechanisms to enhance investors’ trust. He also affirmed his readiness to cooperate with the southern economic hub to build a smart city.Mentioning the Fulbright Vietnam University, which is located in the Hi-Tech Park of Ho Chi Minh City, Kerry asked Secretary Nhan to support the building of accommodations for students in the Hi-Tech Park. Nguyen Thien Nhan, who is also a Politburo member and President of the Vietnam Fatherland Front Central Committee, expressed his hope that the former Secretary of State, with his experience and prestige, will continue to contribute to the relations…... [read more]
HCM City plans to have 10 urban railway routes, 210 bus routes and six bus rapid transit routes by 2025, according to a plan developed by the Transport Department. Main axis routes will run on the city's major transport corridors, while branch routes will connect the centre of areas with main axis routes. Collection routes will run on small roads and alleys to collect passengers. Small-size buses will be used for these routes. The different routes are needed because the city has many alleys and residential areas of different sizes. Of the ten urban railway routes, five will depart from…... [read more]
HCM CITY — HCM City plans to build 1 million sq. metres of new roads this year to ease traffic congestion, the Department of Transport said. A highway js under construction in HCM City's District 9. New roads are expected to ease traffic congestion in the city. — VNA/VNS Photo Hoang Hai This would take the density of roads in the city to 1.816km of roads per square kilometre. To achieve the target, the city would seek to raise funds from local and foreign investors through public-private partnership (PPP), build-operate-transfer (BOT), build-transfer-operate, and build-transfer (BT) models. This year private…... [read more]
