HCMC Will Have An Innovative Urban Area In The East

At the Conference on implementing the plan for socio-economic development and budget estimation of Ho Chi Minh City in 2018, Secretary of the Party Committee Nguyen Thien Nhan stated the major orientations such as the formation of the eastern creative city and the mobilization $1 billion to build Ring Road 3.

To form an innovative urban area in the East

Secretary Nguyen Thien Nhan said that the industrial parks of Ho Chi Minh City have high rents, high costs and lack of space, so in 2018, the city must plan to build an industrial park to attract businesses high-tech manufacturing and innovative enterprise.

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With regard to the creative start-up, through the survey, the city is expected to support the existing five start-up centers, including the City Department of Science and Technology, Vietnam National University, Ho Chi Minh City Hi-Tech Park, City Youth Union, Quang Trung Software Park.

Master plan of scientific space of Saigon Hi-tech Park

In addition, the city is studying the formation of the creative city in the east of the city with 3 districts are District 2, 9, Thu Duc. This is the most high-tech city in Ho Chi Minh City, the largest university in the city, where the best urban area in the city. If this is done, surely another 5-7 years will help TP development breakthrough, is the fourth industrial revolution of the city.

$ 1 billion invested in Ring Road 3

On the sidelines of the meeting, Secretary of the HCM City Party Committee Nguyen Thien Nhan said that after a year of surveying in the country, abroad and the departments proposed, there are currently 10 solutions to create capital for the city development.

Accordingly, the city will carry out the planning, especially the planning of industrial parks, high-tech zones, transport planning, construction to attract investors; Applying the method of public-private partnership and trying to apply to the Ring Road 3 is an investment model for public-private partnership with nearly $1 billion.

Planning the Ring Road in Ho Chi Minh City

At the same time, moving from investment to factory to service. For example, the hospital has to set up an environmental company to handle the rubbish and if it is now calling for investment in the treatment of rubbish, then just pay for the rubbish without having to make the rubbish. Similarly, the problem of wastewater treatment, clean water … the state does not invest money to make factories that pay for private services.

On the other hand, TP invites businesses to invest in infrastructure and the city pays money in 5-7 years; must have capital from the land fund, must auction land; In order to reduce costs, the project must be tendered, not contracted (except for special cases).

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