New vision, new prospects for HCMC
Resolution No.24 of the Politburo and the extension of Resolution No.54 of the NA are a solid political basis for Ho Chi Minh City's determination to move forward in a new spirit and mindset.
Da Nang to begin construction of Lien Chieu Port
The central city of Da Nang will commence construction of Lien Chieu Port on a total 450ha with an investment of over VND3.42 trillion (US$137 million).
Ho Chi Minh City rushes to complete vital infrastructure projects
After 47 years since the Liberation of the South of Vietnam and the Unification of the country as one, there have been many socio-economic changes in Ho Chi Minh City.
Infrastructure projects contribute to HCMC’s eastern urban area's development
HCMC’s eastern part, especially areas near the Southern province of Dong Nai’s Nhon Trach District, is having the potential for development. However, according to many experts, the infrastructure in the area does not meet development demand. Luckily, relevant ministries, agencies, central authorities as well as local authorities have simultaneously started implementing many transport infrastructure projects to remove this bottleneck paving the way for the area’s future development.
HCMC focuses on infrastructure projects
Ho Chi Minh City will accelerate the progress of urban railway No. 1 so that it can be put on trial run by the end of 2022 and it is slated for commercial operation in 2023. Moreover, the city is completing formality for the start of new metro line construction as well as accelerating the progress of anti-flood projects, said Chairman of the HCMC People’s Committee Phan Van Mai.
Real estate investors should beware of rumors
The recent land prices rush in Vietnam is mainly caused by real estate wholesalers, who boast prices and make people believe that prices would continue to rise if they don’t make investment soon enough. This leads real estate investors to purchase lands in order to try and cash in on the waves of upcoming infrastructure projects.
Experts concerned about funds for city efforts to reduce traffic jam
Many major infrastructure projects under HCMC’s traffic jam and accident reduction program are scheduled to implement this year but experts have expressed concern about funds for these projects amid currently limited capital resources.