Making news

Overseas businessmen, intellectuals pool ideas to build innovative HCM City

The People’s Committee of Ho Chi Minh City and the committee for overseas Vietnamese on April 6 held a meeting in the city between municipal leading officials and overseas Vietnamese businessmen and intellectuals to discuss how to build the country’s southern hub into a regional innovative urban and financial centre.

Secretary of the municipal Party Committee Nguyen Thien Nhan announced that authorities are perfecting a plan to build and develop an innovative urban area which will serve as a leverage to intensify investment attraction and comprehensive economic growth for the city in the years to come.

To build the city into a smart city and a financial centre of the region, the resources of the city only will be insufficient and authorities need those from overseas Vietnamese businessman, intellectuals and foreign investors, he stressed.

Representatives of municipal authorities and participants raised the idea that it is necessary to review the traditional design of the city so as to work out a modern one, focusing on both technical and social infrastructure for a smart urban area.

To attract resources to the scheme, municipal authorities should keep the strategic orientations of creating a development locomotive from the community and prioritizing the sustainable development to protect the environment and to improve the economic efficiency of investment projects, they added.

They also pointed to the causes of the slow implementation of the snail’s speed of the implementation of a plan to build Ho Chi Minh City into a regional financial centre which was first mentioned more than 15 years ago.

Highly valuing ideas contributed, Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong affirmed that remittances, investment and technology and initiatives have been and will be important resources that help bring about growth and integration for the city.

To maintain the high growth rate, authorities are building development plans and perfecting the zoning of infrastructure, land and traffic network, thus creating favourable conditions for the people to bring into full play their ability and resources, making more practical and effective contributions to the development of the city in particular and the country in general.-