Gov't talks development mechanisms for HCM City: press conference

The Government’s monthly meeting featured discussions on pilot development mechanisms for Ho Chi Minh City, with a plan to be submitted to the National Assembly during its ongoing fourth session for review.
Gov't talks development mechanisms for HCM City: press conference ảnh 1Chairman of the Office of the Government Mai Tien Dung speaks at the press conference on November 3 (Photo: VNA)

Hanoi (VNA) - The Government’s monthly meeting featureddiscussions on pilot development mechanisms for Ho Chi Minh City, with a plan to besubmitted to the National Assembly during its ongoing fourth session forreview.

The information was made byChairman of the Office of the Government Mai Tien Dung during a pressconference in Hanoi held following the meeting on November 3.

The mechanisms for the southern economic hub will concern four main areas: urban planning and land management,finance and investment management, authorisation mechanisms, and the income of the city’s publicservants.

According to the chairman, the issuance ofa resolution on these mechanisms is “a necessity” as HCM City is the ‘economiclocomotive’ of the country and contributes the most to the State budget.

Regarding the country’s economy situation,also according to Dung, Vietnam’s macroeconomy remains stable and in linegovernment’s monetary and credit plans.

Foreign direct investment (FDI) reached arecord of 28.2 billion USD in the first 10 months, up 37.4 percent from the sameperiod in 2016. Import and export of goods also posted positive results,increasing by 22 percent over the same period, and the trade surplus reached 1.2 billion USD.

In terms of tourism, international arrivalsreached 10.4 million by the end of October against the the year-end target of13 million.

Regarding slow the equitisation ofState-owned enterprises, Deputy Minister of Planning and Investment Nguyen The Phuong said this even though this process must be done quickly, but “in orderto achieve effective equitisation, thorough asset evaluation must be carriedout, otherwise, serious losses of State assets could occur.”

On the controversial draft law on cybersecurity, whereby foreign technology corporations like Facebook and Googlecould be asked to relocate servers holding Vietnamese users’ information to Vietnam,the chairman of the Government Office said the fact remains that overseasservers make State management much more difficult especially with hostileorganisations and individuals having used social media to spread anti-Statepropaganda.-VNA
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