Vietnam PM urges Ho Chi Minh City to launch major rental housing project in Q3

Prime Minister Le Minh Hung has directed Ho Chi Minh City to prioritize the launch of at least one significant rental housing project during the third quarter. This directive comes as the city shows robust economic performance, with its GRDP growing 8.27% in the first quarter, the highest in five years, and improvements in administrative reforms and business environment.

The Prime Minister stressed Ho Chi Minh City's vital role as a national growth driver, urging a review and update of growth scenarios to align with current conditions. He called for decisive action on public investment disbursement, setting a 100% target and holding responsible parties accountable for delays. The city is also tasked with leveraging special policies and collaborating with the Ministry of Justice to draft a special urban law for parliamentary submission in late July or early August.

Infrastructure development is a major focus, with accelerated progress required on key projects such as Ring Road 3, An Phu intersection, My Thuy intersection, and National Highway 50. Several major projects are slated for commencement in the second half of the year, including Metro Line 2 (Ben Thanh - Thu Thiem), the Can Gio - Ba Ria Vung Tau sea bridge, Cai Mep Ha port, and Thu Thiem 4 bridge.

Furthermore, the city must enhance its logistics sector, particularly in conjunction with international transshipment ports like Can Gio and Cai Mep - Thi Vai. Strategies to stimulate consumption, improve service quality, boost e-commerce, develop the night economy, and promote service exports in healthcare and education are also mandated. The Prime Minister also called for the establishment of a high-quality agricultural production zone, increased private sector engagement, and the development of an international financial center.