Ho Chi Minh City has initially achieved positive results.

Reporting to the Prime Minister and the working group on the results of implementing Resolution 98/2023/QH15 after one year, Chairman of the People's Committee of Ho Chi Minh City Phan Van Mai said that the initial implementation of Resolution 98 has yielded positive results in several areas.

In the investment management sector, the city prioritized allocating 2,796 billion VND to the poverty reduction program in 2023 and disbursed 100% of the funds to nearly 39,000 customers. In 2024, the city allocated another 998 billion VND to the poverty reduction program and disbursed 100% of the funds to 13,658 loan recipients under the program.

Chairman of the Ho Chi Minh City People's Committee Phan Van Mai (standing) reports on the results after one year of implementing Resolution 98/2023/QH - Photo: VGP

Regarding public investment, the City has allocated 1,500 billion VND of public investment capital to subsidize interest rates for investment projects financed by the Ho Chi Minh City State Financial Investment Company (HFIC) in priority areas for socio-economic development.

The city also allocated 2,900 billion VND for the Ho Chi Minh City-Moc Bai Expressway Project and issued a list of projects calling for investment under the public-private partnership method in the culture and sports sector with 23 projects (total investment of 22,394 billion VND).

Regarding the financial sector and state budget, the City stipulates that the maximum coefficient for additional income expenditure is 1.5 times the salary based on rank and position; and the additional income expenditure is based on a specific amount with a maximum expenditure of 3 million VND/staff member/month for some central government agencies located in the City.

In the field of science and technology management and innovation, with policies on salaries, wages, and welfare benefits implemented according to the mechanism of Resolution 98, initial results have been effective, attracting 10 applications to carry out science and technology tasks to establish and develop an internationally standardized research center.

Regarding the policy to support innovation and startup projects, 48 ​​valid applications were received. The Advisory Council selected 21 out of 48 applications and initially provided support to 15 out of 21.

Regarding the organizational structure of the government, Ho Chi Minh City has established and put into operation the City's Food Safety Department and the Digital Transformation Center.

The city has appointed an additional Vice Chairman of the People's Council and a Vice Chairman of the People's Committee, thus completing the organizational structure of Thu Duc City... At the same time, it has allocated the number of officials, civil servants, and non-specialized personnel at the ward, commune, and town levels within the city for the period from 2024 to 2026, with a total of 7,037 officials and civil servants working at the ward, commune, and town levels.

Improve policies to attract strategic investors.

Referring to the direction of implementing Resolution 98/2023/QH15 in the coming period, Chairman of the People's Committee of Ho Chi Minh City Phan Van Mai said that the City will continue to improve policies to attract strategic investors and issue a Decision to support interest rates for investment projects financed by HFIC Company in priority areas for socio-economic development.

In the urban sector, the city will pilot a Transport-Oriented Development (TOD) model and a pilot project on a financial mechanism for implementing greenhouse gas emission reduction measures through carbon credit exchange and offsetting mechanisms.

To address the difficulties faced by these projects, the City will issue regulations on the procedures and implementation plan for land allocation and land leasing for land areas under state management that are subject to restructuring and handling of public assets as defined in BT contracts, in order to pay investors, etc.

Another important task that the City will undertake in the near future is to focus on preparing a number of key projects and plans such as: the City's Urban Railway System Development Project, and the Project to build the Vietnam International Finance Center in the City.

Regarding infrastructure projects, investments will include the Ho Chi Minh City - Moc Bai Expressway; the expansion of the Ho Chi Minh City - Long Thanh - Dau Giay Expressway; the Ho Chi Minh City - Thu Dau Mot - Chon Thanh Expressway; and the Can Gio International Transshipment Port, etc.

In particular, the City will implement the Plan for the implementation of Government Decree No. 84/2024/ND-CP dated July 10, 2024, on piloting the decentralization of state management in some areas to the City government.

Regarding investment, the City will submit to the City Council a Resolution stipulating the criteria and areas for controlled testing of new technological solutions within high-tech zones, concentrated information technology zones, and innovation centers in the City.