Ho Chi Minh City: Creating a favorable environment for private economic development

Ho Chi Minh City is focusing on promoting administrative procedure reform, expanding online public services at levels 3 and 4, implementing credit policies, tax incentives and improving the investment environment to promote the dynamic and sustainable development of the private economic sector.

Saigon Marina International Financial Center Tower in Ho Chi Minh City

Implementing Resolution No. 68-NQ/TW of the Politburo and Resolution No. 198/2025/QH15 of the National Assembly on private economic development, the Chairman of the People's Committee of Ho Chi Minh City requested departments, branches and localities to study the Report "Business Confidence in 2025" of Committee IV, focusing on removing obstacles, supporting businesses to expand production and improve competitiveness.

The City People's Committee directed to strengthen training for civil servants, ensure continuous provision of public services; step up inspection of public services, strictly handle officials who harass businesses. At the same time, review and shorten procedures for investment, construction, fire prevention and fighting, environmental impact assessment; deploy online public services at levels 3 and 4 so that businesses can carry out procedures entirely on digital platforms.

The city encourages the establishment of online information channels via Zalo, websites, and the development of a business feedback system to disseminate policies promptly, with two-way and transparent dialogue. Departments and branches are required to publicize the list of investment projects, socio -economic development plans, and sector and field plans on digital platforms, facilitating businesses' access to information.

Develop strategies and plans for private economic development; review subjects eligible for interest rate support according to Resolution No. 09/2023/NQ-HDND; implement a plan to improve the Provincial Competitiveness Index (PCI) for the 2025-2030 period. Develop investment incentive policies, support businesses in technological innovation, automation, and digital transformation to improve productivity and reduce costs.

Ho Chi Minh City will increase support for businesses to access new markets, participate in fairs, exhibitions, and connect with trade.

The city will also step up trade promotion, diversify markets, propose expanding FTA negotiations with potential markets; support businesses in accessing new markets, participating in fairs, exhibitions, and connecting trade. Along with that, strengthen control of counterfeit goods, smuggled goods and unfair competition.

At the same time, organize short-term training courses on product design, business administration, international integration; effectively operate digital platforms such as shared databases, B2B trading floors, online exhibition platforms. The Department of Industry and Trade continues to propose preferential credit policies and export risk insurance; implement development programs for 4 key industries, 3 traditional industries and add new industries according to local advantages.

In addition, the Ho Chi Minh City Tax Department proposed a mechanism to extend, postpone, and reduce taxes and fees for small enterprises and converted business households; the State Bank of Vietnam, Region II branch, coordinated to expand preferential credit, consider unsecured loans based on tax payment results and handle bad debts of CIC.

With synchronous solutions from administrative reform, capital support, to technological innovation and trade promotion, Ho Chi Minh City affirms its determination to build a transparent and favorable investment environment, creating momentum for the private economic sector to develop strongly, contributing more to the city's sustainable growth.

Source: https://daibieunhandan.vn/tp-ho-chi-minh-kien-tao-moi-truong-thuan-loi-cho-kinh-te-tu-nhan-phat-trien-10390561.html