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Ho Chi Minh City discusses solutions to promote public investment disbursement

(HMC) - On the morning of June 3, the Ho Chi Minh City People's Committee held a meeting on the socio-economic situation in May; key tasks and solutions for June 2025. Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc chaired the meeting. Co-chairing were Permanent Vice Chairman of the City People's Committee Duong Ngoc Hai and Vice Chairmen: Vo Van Hoan, Nguyen Van Dung and Tran Thi Dieu Thuy.

Báo Sài Gòn Giải phóngBáo Sài Gòn Giải phóng03/06/2025

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Overview of the meeting. Photo: LINH NHI

Reviewing the outstanding indicators of the socio -economic situation in May, Director of the Department of Finance Le Thi Huynh Mai informed that compared to the same period in 2024, total retail sales of goods and consumer service revenue are estimated at VND 544,447 billion, up 16.8%; export turnover is estimated at USD 20.36 billion, up 16.1%; total tourism revenue is estimated at VND 97,999 billion, up 28.9%, of which international visitors reached 3,123 million, up 40.2%.

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Director of the Department of Finance Le Thi Huynh Mai informed about the socio-economic situation in May 2025. Photo: LINH NHI

The results of May recorded that the index of industrial production (IIP) increased by an estimated 8.2%. 13,894 new enterprises were established with a total registered and additional capital of VND313,756 billion, up 5.9% over the same period. Total state budget revenue reached over VND245.7 trillion, reaching 47.26% of the estimate; FDI attraction increased by 87.5%.

Identifying some remaining problems such as the increasing number of dissolved and suspended enterprises, disbursement of public investment capital not meeting the plan,... Ho Chi Minh City proposed a number of key tasks and solutions to be implemented in June.

In particular, effectively implementing the Politburo 's Resolutions related to science and technology development, innovation and digital transformation; international integration in the new situation; innovation in law making and enforcement; private economic development;...

At the same time, strengthen investment in construction of traffic infrastructure, speed up progress and shorten at least 30% of the time to process documents, remove difficulties and obstacles in key projects such as An Phu intersection, Ring Road 2, Nguyen Khoi bridge and road, Ho Chi Minh City - Moc Bai expressway, etc. Stronger and more substantial administrative reform to remove difficulties for production and business activities, and enhance the competitiveness of the economy.

Along with that, Ho Chi Minh City continues to arrange and reorganize administrative units at all levels and build a 2-level local government organization model; promote decentralization; research and advise on the issuance of the Pilot Project on the smart office model, the Pilot Project on payroll and salary fund of Ho Chi Minh City.

Speaking at the meeting, Chairman of the City People's Committee Nguyen Van Duoc emphasized that the work of arranging and reorganizing administrative units at all levels and building a 2-level local government organization model is one of the important tasks of the locality in the coming time.

The Chairman of the City People's Committee said that Ho Chi Minh City has prepared the basic conditions to abolish the district-level organization from July 1 and is ready to merge provinces and cities from August 15.

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Chairman of Ho Chi Minh City People's Committee Nguyen Van Duoc gave an opening speech at the meeting. Photo: LINH NHI

According to the report on the socio-economic situation in May 2023, according to the Chairman of the City People's Committee, macro indicators show that industry, especially trade, services and tourism continue to be the main growth drivers of the city.

Chairman of the City People's Committee Nguyen Van Duoc acknowledged the positive signs in investment attraction activities. At the same time, he pointed out some limitations and shortcomings. The meeting needs to focus on finding the causes to resolve, especially the issue of public investment - one of the three traditional drivers of growth.

To achieve the double-digit growth target, the Chairman of the City People's Committee requested the entire system to have the highest determination to complete and exceed the GRDP growth target assigned by the Central Government of 8.5%.

Source: https://ttbc-hcm.gov.vn/tp-hcm-ban-giai-phap-thuc-day-giai-ngan-dau-tu-cong-1018833.html


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