PM: Ho Chi Minh City must regain position as economic locomotive of country

ABO/VNA – Ho Chi Minh City must regain its position as the locomotive of the national economy, Prime Minister Nguyen Xuan Phuc said at a video conference with key officials of the southern hub on May 8.

While lauding the city for its drastic efforts to fight the COVID-19 pandemic and new business models, the Government leader affirmed the city’s important role and position in the national economy and asked it to make greater efforts in socio-economic development.

The PM appreciated the resolve of the city’s Party organisation, administration and people to strive for a growth rate of over 6% in 2020.

PM Nguyen Xuan Phuc speaking at the working session (Photo: NDO/Tran Hai).

PM Phuc also urged the city to accelerate the disbursement of public investment capital, saying that its low disbursement rates could be a bottleneck to socio-economic development.

Highlighting its advantage as a safe destination for investment in Vietnam and Ho Chi Minh City in particular, the PM asked the city to seize this golden opportunity to attract investment, especially hi-tech investment projects.

Regarding directions and tasks for the time ahead, he asked the city to quickly take measures to address difficulties caused by the COVID-19 pandemic, and improve its competitive capacity and business environment.

The Government leader also set the orientation for the southern hub to become a modern, smart and green city.

The municipal People’s Committee reported that the main tasks for the city will be continuing to fight the COVID-19 pandemic while implementing a plan to support enterprises until the end of the year. The plan focuses on helping enterprises maintain production and business activities while ensuring safety, cut production costs, innovate technology and restore production after the pandemic.

(Source: VNA)