Intellectuals play an important role for the development of HCMC. The city plans to mobilize talents to join hands with the municipal administration to solve major problems of the southern metropolis through main large-scale projects.
Minister of Planning and Investment Nguyen Chi Dung stressed that traffic jams are a serious issue in HCMC, hindering the development of the southern economic hub while chairing a conference in HCMC on July 12.
Within the framework of the National Assembly’s third session, Governor of the State Bank of Vietnam Nguyen Thi Hong yesterday presented a summary report on the implementation of Resolution No.42/2017/QH14, issued on June 21, 2017 about pilot settlement of bad debts of credit institutions (CIs) as well as a proposal to extend the deadline to apply all content in the Resolution.
Although the State Bank of Vietnam (SBV) has had the policy to reduce interest rates and extend the repayment period to support enterprises in the restoration of production and business activities, many commercial banks said that there should be more mechanisms for implementation.
Recently, many land-related projects have been behind schedule due to complications and limits in compensation and resettlement tasks. As a result, the Ho Chi Minh City (HCMC) People’s Committee put forward a proposal to the Prime Minister to allow a ‘special’ mechanism in the city in order to decrease the project time of several current projects here.