HCMC to strengthen investment socialization 2017-2020 - HCMC to strengthen investment socialization 2017-2020 - Website Ho Chi Minh City
On June 13, Deputy Chairman of HCMC People’s Committee Tran Vinh Tuyen chaired a meeting on strengthening investment socialization in 2017-2020.
In a report, leader of HCMC Department of Planning and Investment said the city needs about VND 300, 000 billion for its socio-economic development in 2016-2020. However, due to limited budget, it requires the city to mobilize about VND 127, 700 billion to meet the development target by 2020.
Therefore, it is necessary for the city to mobilize capital from social resources to boost socio-economic development, to renew policies and solutions. Department of Planning and Investment is now outlining a draft plan on strengthening investment socialization from now to 2020.
Accordingly, the city will complete its policies and mechanisms to strengthen investment socialization to make it suitable with specific characteristics of each locality, enhance the State management and to attract economic components, enterprises, investors to enhance efficiency of socialization, to create a driving force for comprehensive and sustainable development.
The city will focus on calling for investment under form of Public Private Partnership (PPP) in fields, social housing, resettlement areas, technical infrastructure (traffic, anti-flooding, environment, clean water, power), social infrastructure (education, health, culture), trade, science and technology, meteorology, economic zone, industrial park, agricultural park, hi-tech park, IT infrastructure.