It is expected that in 2023 HCMC will have a demand for public investment capital of nearly VND16,500 billion (US$691 million) from the central budget and over VND55,200 billion (US$2.3 billion) from the city budget.
According to the Department of Construction, as planned, Ho Chi Minh City will relocate 6,500 houses on and along canals from 2021 to 2025. The southern largest city ought to spend about VND 18,500 billion for allocation work; however, it also has to invest in many key projects. Therefore, housing relocation projects are still on paper for years.
According to the Ho Chi Minh City People’s Committee’s Office, the city will strive to remove 6,500 shanty houses along canals from now to 2025 and the next years with an expected cost of around VND19,000 billion (US$836 million).