Hcm city what to do

HCM City authorities have approved a project on the construction of a 150-hectare public park in District 12. 30/4 Park in HCM City The project proposed by District 12 and the municipal Department of Construction will stretch across the two wards of Thanh Xuan and Thoi An. The multipurpose site will have entertainment services and be home to a clean water reservoir for the city. District 12 authorities are calling for investment for the project. According to the HCM City Department of Construction, HCM City has a lack of parks. Many districts do not have any parks such as Thu Duc, Binh Tan, Nha Be, Hoc Mon, Cu Chi and Binh Chanh districts and districts 1 and 12. The department added that the park area of the city’s 13 old inner-city districts is now up to 273 hectares, accounting for up to 55% of the municipal’s total park area. Meanwhile, the area for the six new inner-city districts and the five outlying districts is 172 hectares and 42 hectares, equal to 35% and … [Read more...] about HCM City to have 150-hectare park

The 125 million USD credit is aimed to assist Ho Chi Minh City to strengthen the institutional foundations for sustainable urban development (Photo: VNA) Hanoi (VNA) – A 125 million USD credit has been approved by the World Bank (WB) Board of Executive Directors to assist Ho Chi Minh City in strengthening the institutional foundations for sustainable urban development.  This is the WB’s first budget support operation to a sub-national entity in Vietnam, marking a strategic shift in the bank’s engagement at the sub-national level from sector-specific investments to supporting cross-cutting policy and institutional reforms, the WB said in a recent press release. The policy programme aims to remove institutional bottlenecks to enable Vietnam’s largest city and economic powerhouse to address some of its most pressing urban governance challenges. As a key growth pole driving economic modernisation and generating 21 percent of Vietnam’s GDP, the … [Read more...] about WB to provide credit for institutional reforms in HCM City

The workshop on April 12 discusses the development of an “innovation urban area” in HCM City (Photo: VNA) HCM City (VNA) – An international workshop was held in Ho Chi Minh City on April 12 to discuss the development of an “innovation urban area” in the southern metropolis. The innovation urban area will be at the core of the city’s industrial revolution 4.0, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen told the workshop titled "An Innovation District in HCM City: Towards a Strategic Roadmap". Governance of the innovation hub would be done online and be transparent and without red tape, he said, adding it would strongly develop smart transport and environmental protection. The idea for the hub had been mooted by the city’s Party Secretary Nguyen Thien Nha, who had suggested basing it around the High-tech Park in District 9, the National University in Thu Duc District and the proposed Thu Thiem Urban and … [Read more...] about HCM City studies innovation urban area development

Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019. (Photo: tinnhanhchungkhoan.vn) HCM City (VNA) – Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019, a year-on-year surge of 9 percent, despite unfavourable global financial and monetary market, according to Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh. Minh said that Vietnamese expatriates remitted roughly 4.3 billion USD to the southern hub as of the end of November. The flow of money has played an important role in economic development as well as stability of foreign currency supply in the city, he stressed. Vietnam was expected to remain one of the top ten remittance recipients in 2019, according to the latest edition of the World Bank’s Migration and Development Brief. Around 16.7 billion USD in remittances was projected to flow into Vietnam for the full year, making the Southeast Asian country the … [Read more...] about Remittances to HCM City expected to pick up 9 percent

The Novaland Expo, which opens in HCM City’s District 2 December 4 (Photo: VNA)   HCM City (VNA) – The Novaland Expo, an impressive real estate exhibition, is taking place at the Novaland showhouse centre on Mai Chi Tho street, District 2, Ho Chi Minh City from December 4-8. Following the success of its previous expo in June this year, the company seeks to provide updates on the trends and changes in the city property market. The expo introduces a number of projects in segments ranging from housing to hospitality that Novaland is developing, like NovaWorld Phan Thiet, NovaWorld Ho Tram, NovaBeach Cam Ranh Resort & Villas, The Grand Manhattan and Aqua City in Dong Nai province. Through the event, the company wants to inform strategic partners, domestic and foreign investors and customers about its development strategy for 2019-2023 with a vision of becoming a leading economic group in the fields of real estate, finance, hospitality, and transport infrastructure … [Read more...] about Novaland Expo kicks off in HCM City