According to him, after the merger of the three localities, the Industrial Development and Investment Corporation (Becamex Group) of Binh Duong province (old) will belong to the new Ho Chi Minh City. Besides this group, Mr. Duoc set a goal that the new city must have another group, based on the restructuring of Ho Chi Minh City's state-owned enterprises.
“The city needs at least two large economic groups. In addition to Becamex, I propose to name it Saigon Group to make the state economy the mainstay. The groups will combine each other’s inherent strengths,” said Mr. Duoc.
Becamex is strong in infrastructure investment and capital. Ho Chi Minh City is in dire need of infrastructure investment. The city has 7 railway lines, Becamex can choose the appropriate line, propose the mechanism and capital to implement, according to the chairman of Ho Chi Minh City.
In addition, Becamex can consider investing in domestic and foreign traffic routes such as National Highway 1A, the Saigon - Trung Luong Expressway, and the extended Nguyen Van Linh Road.
“Why not create conditions for large enterprises and corporations in the city to implement? Ho Chi Minh City needs to build strong corporations similar to the chaebols in Korea,” Mr. Duoc said.
On the business side, Mr. Nguyen Van Hung, Chairman of the Board of Directors of Becamex, said that the group currently has 35 member units with total assets of 160,000 billion VND. In the first 6 months of the year, the company has invested in and built nearly 200km of major roads in Binh Duong province (old), with a total investment of about 60,000 billion VND.
This enterprise is aiming to invest in projects on major roads such as My Phuoc - Tan Van, National Highway 13, because these are roads with very high traffic pressure.
Becamex Chairman commented that the new Ho Chi Minh City has a lot of room for development thanks to Ba Ria - Vung Tau , Binh Duong (old) and the inherent strength of Ho Chi Minh City (old).
According to the Ho Chi Minh City Statistics Office, after the merger, Ho Chi Minh City will have a population of about 14 million people, contributing 36.4% of the budget revenue and about 25% of the country's GDP.
The GDP scale of Ho Chi Minh City is only equivalent to that of major cities in the region such as Jakarta (Indonesia), Bangkok (Thailand) and Manila (Philippines).
With every 1% GDP growth, Ho Chi Minh City generates about 17,200 billion VND, equivalent to the total economic scale of some provinces such as Dien Bien, Lai Chau or Cao Bang. Based on integrated data from the three old localities, Ho Chi Minh City's economic growth in the first 6 months of the year is estimated at about 7.49%.
Source: https://vietnamnet.vn/chu-tich-tphcm-muon-thanh-lap-tap-doan-sai-gon-2418223.html
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