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๐Ÿ‡ป๐Ÿ‡ณ Vietnam /Economy & Trade

Ho Chi Minh City Charts New Growth Path Through Innovation and Autonomy

From Tuแป•i Trแบป · () Vietnamese

Translated from Vietnamese and summarized by DistantNews. Read the original for the full story.

At a glance

Analysis Named sources New plan
  • Ho Chi Minh City is focusing on innovation and creativity as a new growth engine, guided by Politburo Resolution 09.
  • The resolution aims to position the city as a leading economic, financial, and technology hub in Asia by 2045 and a global city by 2075.
  • Key to this vision is granting the city greater autonomy in urban management and development to foster new models and approaches.

Ho Chi Minh City is embarking on a new era of growth, prioritizing innovation and creativity as its primary drivers, as outlined in Politburo Resolution 09. This strategic directive moves beyond traditional economic expansion, aiming to redefine the city's urban management and governance frameworks.

To realize the aspiration of making Ho Chi Minh City an economic, financial, science-technology, and innovation center of Asia, the most important thing is to give the city sufficient institutional space to proactively experiment with new development models and management methods.

· GS.TS Nguyen Khac BaoCommenting on the importance of autonomy for Ho Chi Minh City's development.

Resolution 09 sets an ambitious vision for Ho Chi Minh City: to become Asia's leading center for economy, finance, science-technology, and innovation by 2045, and a global, smart, green, and climate-resilient city by 2075. This long-term perspective reflects a strong determination to align the city with global urban development trends, drawing parallels with dynamic metropolises like Seoul and Shanghai, and financial centers such as Singapore.

Central to achieving this vision is the principle of enhanced decentralization and special mechanisms. According to GS.TS Nguyen Khac Bao, Secretary of the Party Committee and Vice Director of the University of Economics Ho Chi Minh City (UEH), granting the city sufficient institutional space is crucial. This autonomy will enable Ho Chi Minh City to proactively experiment with new development models and management methods, fostering its role as a national economic engine.

Resolution 09 reflects a very long-term and strategic vision for Ho Chi Minh City in the new era. The Resolution not only sets economic growth targets but also aims to build Ho Chi Minh City into a particularly civilized and modern urban area, improving people's quality of life and promoting the city's dynamic and creative identity.

· GS.TS Nguyen Khac BaoDescribing the scope and ambition of Politburo Resolution 09.

The resolution also establishes specific targets across various sectors, including GRDP growth, the digital economy, metro infrastructure, environmental quality, and human development. The phased approach to these targets is seen as appropriate for a city of Ho Chi Minh City's stature, emphasizing a shift from broad-based growth to a model driven by productivity, innovation, and modern infrastructure, with a commitment to net-zero emissions.

More importantly, the resolution opens up new thinking about urban governance, decentralization, and special mechanisms to help Ho Chi Minh City more strongly play its role as the country's economic locomotive.

· GS.TS Nguyen Khac BaoHighlighting the new approach to urban management proposed by the resolution.
About this summary

Originally published by Tuแป•i Trแบป in Vietnamese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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