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HCM City (VNS/VNA) - HCM City will continue to speed up the disbursement of public funds and seek to increase budget revenue for the remaining months of the year, the chairman of the municipal People’s Committee has said. Speaking at a meeting to review socio-economic development in the first eight months, Nguyen Thanh Phong said the city would speed up the disbursement of at least 80 percent of the planned investment next month in order to achieve the target of over 95 percent of the plan by the end of the year. As of August 23, as much as 21.3 trillion VND (911.5 million USD) had been disbursed, accounting for 50 percent of the set target, almost 2.5 times higher than the same period last year, according to him.  The HCM City Management Board for Traffic Works Construction and Investment and the HCM City Management Authority for Urban Railway (MAUR) have urged the city to speed up the disbursement rate to ensure the progress of … [Read more...] about HCM City to speed up disbursement of public funds

The Vietnamese Government has created favourable conditions for foreign entrepreneurs, experts, engineers and workers, including those from Busan, to safely enter Vietnam, the official said, adding that HCM City has set up a working group addressing difficulties in this field. … [Read more...] about HCM City, Busan to set up virtual inter-sector working group

The local real estate market has seen some changes thanks to the ‘Thu Duc City effect’. The apartment prices in the area have increased from VND30 million per square meter to VND45 million on average, a 45 percent increase in three years. Le Hoang Chau, chair of the HCM City Real Estate Association (HOREA), said the attractiveness of the Thu Duc City project lies in rapid infrastructure development and future programming. District 9, for example, has been invested in heavily to connect with the city centre and provinces in the southeast region. … [Read more...] about Thu Duc City set to be new growth pole for HCM City

Secretary of HCM City Party Committee Nguyen Thien Nhan greeted US Ambassador to Vietnam Daniel Kritenbrink during the Tuesday reception in HCM City. - VNA/VNS Photo Xuan Khu Nhan welcomed the current working trip of the US Ambassador to HCM City, saying that the visit would help enhance the friendship between Vietnam and the US during the year the two countries mark the 25th anniversary of their diplomatic relations (July 11, 1995). He affirmed that the city will support the US’ efforts to further promote economic and diplomatic ties with Vietnam. … [Read more...] about HCM City leader hosts US Ambassador

Cu Chi Tunnels have been recognised as a special national heritage site since 2015 for its historical, cultural and creative values. Cu Chi Tunnels is a typical military camping site during the war and played an important role in the liberation process. Many notable leaders like Nguyen Van Linh, Vo Van Kiet, Mai Chi Tho and Tran Hai Phung lived and issued orders from there during the wartime. From 1961 to 1975, Cu Chi Tunnels housed many soldiers and it was also where plans and war strategies were made. Nowadays, the 200km tunnel system is still well-preserved. The multi-layered tunnels had everything needed for life and fight against the weapons at that time. HCM City People's Committee said it is a historic symbol for the guerrilla war and people's war as well as the creativity of the Vietnamese people. It has an important role in education about traditional history, culture, as well as knowledge, science and architecture about the military. In addition, it is a popular site for … [Read more...] about HCM City seeks Cu Chi Tunnels UNESCO’s heritage recognition