HCM CITY PLANS 7 INFRASTRUCTURE PROJECTS

Upgrading old buildings and relocating households living near canals are among the major projects that HCM City aims to carry out now and in the near future, according to city authorities.

The city recently organised a seminar that sought collaboration between investors and banks in seven so-called breakthrough programmes.

Participating banks have signed loan agreements for eight projects, worth a total of VNĐ26 trillion (US$1.1 billion) under the public–private partnership (PPP) investment mode.

The projects include a North-South road worth VNĐ18 trillion and Nguyễn Tất Thành Street worth VNĐ4.6 trillion.

Chairman of the city People’s Committee Nguyễn Thành Phong said that loans for the eight projects had created a push for future projects, as the city has a limited local budget.

More businesses are expected to invest under the PPP mode, he said.

Around 153 projects have been carried out under the PPP mode in HCM City, with total investment of VNĐ451 trillion, of which 23 projects worth a total of VNĐ71 trillion have been completed, and another 130 projects worth VNĐ380 trillion are underway.

Though the number of projects under the PPP mode only accounted for 5 per cent of the total of public-invested projects, the amount of investment was 51 times higher than total public investment during the 2011-15 period, he added.

Phạm Phú Quốc, director of the HCM City Finance and Investment State-owned Company (HFIC), said that HFIC had sponsored 152 infrastructure projects in the city, valued at a combined VNĐ25 trillion.

It has also called for VNĐ26.8 trillion of local government bonds, he added.

Upgrading old buildings

Upgrading old buildings and building new ones are part of the city’s modernisation plan.

At least 474 old buildings were built before 1975. Since the beginning of 2016, 1,592 households in four old buildings have been relocated.

The city has asked the People’s Committee to be in charge of planning upgrades of old buildings and construction of new buildings.

The committee will be in charge of making decisions on relocating residents who live near canals to other areas and upgrading infrastructure.

To effectively handle the seven “breakthrough” programmes that are key to the city’s development during the 2016-20 period, the city needs a total of VNĐ850 trillion in funds.

Sixty per cent of that total would be for anti-flooding, transport and infrastructure-related projects.

Source: VIR

Related News

MEMBER CORNER / PROMOTIONS

QUARTERLY PIT FILING FOR EMPLOYMENT INCOME APPLIES FROM APRIL 2026

Deloitte Vietnam would like to update members of HKBAV on a recent change to Personal Income Tax (“PIT”) filing procedures, which applies from April 2026 onwards. On 7 April 2026, the Government issued Resolution No. 66.16/2026/NQ-CP, setting out its direction to reduce and simplify administrative procedures and regulations affecting business activities. The Resolution took effect on 15 April 2026.

May 29, 2026

VIETNAM MONTHLY STATISTICAL DATA

INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN APRIL OF 2026

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

May 28, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

PHU QUOC MAKES UP OVER 80% OF AN GIANG’S TOURISM REVENUE

Phu Quoc Special Zone has accounted for more than 81% of An Giang Province’s tourism revenue so far this year, while attracting nearly all international visitors to the province. Tourism revenue in An Giang has reached an estimated VND33.17 trillion in January-May, up 37.2% from a year earlier. The province has welcomed more than 13.3 million visitors, up 12.1%, while international arrivals have grown 48.4% to around 1.18 million, reported the Vietnam News Agency.

May 28, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM OUTLINES SUSTAINABLE AGRICULTURE AGENDA FOR NEXT FIVE YEARS

Vietnam’s agriculture sector has set targets of achieving average annual GDP growth of 3.6-4%, increasing export revenue by 10-12% per year, and cutting greenhouse gas emissions by 8-9% over the next five years. The targets form the core of a broader strategy to shift from low-value agricultural production toward higher-value products and build an ecological, green and low-emission agricultural sector with more efficient resource management.

May 28, 2026

BANKING / FINANCE / INSURANCE / TAX

OUTSTANDING LOANS IN HCMC, DONG NAI TOP VND6 QUADRILLION

Total outstanding loans in HCMC and Dong Nai City had amounted to VND6 quadrillion as of April 2026, accounting for 31.1% of the total in Vietnam’s banking system. The latest figures were released on May 26 by Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Area 2 branch, which oversees HCMC and Dong Nai City.

May 28, 2026

MEMBER CORNER / PROMOTIONS

KNIC OFFICIALLY HOLDS GENERAL CONTRACTOR CEREMONY FOR INFRASTRUCTURE CONSTRUCTION AT KNIC NAM LONG THANH IP

On May 21, 2026, KNIC officially launched the infrastructure construction for Phase 1 of KNIC Nam Long Thanh Industrial Park (Bau Can - Tan Hiep), spanning 1,000 hectares in Dong Nai. Following the completion of all key legal and planning procedures, this milestone marks the project’s transition into active on-site implementation.

May 27, 2026