Government members, ministries and sectors, in their functions and authority, need actively support and coordinate with Ho Chi Minh City to promptly, decisively, and comprehensively implement solutions for the city’s rapid and sustainable growth.
Prime Minister Pham Minh Chinh said on April 16 at a meeting between permanent Government members and the Standing Board of the Ho Chi Minh City Party Committee to seek solutions to hindrances to local socio-economic development.
|Prime Minister Pham Minh Chinh gives a speech at the meeting__Photo: VNA|
The municipal Party Committee reported that despite numerous difficulties, the southern largest economic hub still recorded GRDP growth of 9.03 percent in 2022, higher than the national average.
However, the rate stood at only 0.7 percent in the first quarter of 2023, slowing Vietnam’s growth rate down to 3.32 percent. The local index of industrial production fell 0.9 percent. Many influential sectors also contracted as seen in the construction sector’s added value down 20 percent and the property business sector down 16.2 percent.
Facing that fact, Ho Chi Minh City submitted several proposals to the Prime Minister, including setting up a government working group to devise mechanisms for the city to make development breakthroughs, implementing key transport projects early, revising and supplementing some regulations on foreign workers in Vietnam, issuing a support policy for vocational training, and tackling obstacles to the property market.
In his remarks, PM Chinh attributed some low indexes, including the GRDP growth, to different reasons, including slow disbursement of public investment, enterprises’ modest capital absorption, and the shrunken market.
|PM Pham Minh Chinh (standing) and other officials at the meeting that was held on April 16 in HCM City__Photo: VNA|
He asked Ho Chi Minh City to keep a close watch on the local, domestic, and international situation to stay proactive and flexible while strongly and comprehensively carrying out recent directions given by the Party Central Committee, Politburo, Secretariat, Government, and National Assembly.
The city needs to focus on removing difficulties for people and businesses, facilitating production and business activities, creating more jobs and livelihoods, diversifying products, markets, and supply chains, and promoting innovation and science-technology application.
The cabinet leader stressed the necessity to create a legal corridor to boost people and enterprises’ capital absorption, address problems in the bond and property markets, step up the socio-economic recovery and development program, stimulate investment, mobilize all resources in society, and ramp up public investment disbursement.
He also underlined the importance of creating a fair business climate, promoting administrative procedure reforms, and fostering digital transformation.- (VLLF)