Creating the most favorable mechanisms for investors - Creating the most favorable mechanisms for investors - Website Ho Chi Minh City
On February 8, a working group led by Chairman of HCMC People’s Committee Nguyen Thanh Phong conducted an inspection on implementation of tasks of HCMC Department of Planning and Investor in 2017
In 2017, HCMC Department of Planning and Investment has defined 22 tasks and 4 solutions. Specifically, the department will advise the city to carry out “improving growth quality and competitiveness” program; implementing 9 specific tasks such as shifting public investment projects to stimulus packages, building plan of effective use of investment capital, completing policies of investment attraction under PPP; calling for investment into 07 breakthrough programs, developing 50, 000 businesses in 2017, etc.
Regarding to mobilization of investment & development capital resources, HCMC Department of Planning and Investment continues reviewing, classifying and prioritizing investment projects to submit to HCMC People’s Committee; coordinating with departments, sectors, districts to update lists of investment projects of the city or prioritized projects under 07 key projects of the city, etc.
Addressing at the meeting, Chairman Nguyen Thanh Phong noted that HCMC Department of Planning and Investment needs to propose socio-economic targets and solutions to improve GDP growth rate of the city in 2017 to 8, 4% - 8, 7%.
Regarding to investment structure, Chairman Nguyen Thanh Phong said, the city only retains 18% of its budget revenue from now till 2021, so it is necessary to work out solutions to use the city’s budget effectively including doing research on diversification of investment forms. Apart from encouraging individual households to develop into businesses to achieve the goal of establishing 50, 000 businesses in 2017, Mr. Phong requested HCMC Department of Planning and Investment to create favorable investment environment to attract multi-national corporations, to link domestic businesses with supporting industries, establish big private corporations, and pursue creativity and innovation to improve competitiveness.