HCMC develops its urban infrastructure to supply safe water, control flooding and reduce traffic congestion. (Photo: thesaigontimes.vn)

 Last year the city continued to see positive economic gains with a gross regional domestic product (GRDP) growth rate of 8.3% and aims to achieve an economic growth rate of 8.3% to 8.5% this year.

The municipal administration will step up administrative reforms, which it considers a key factor in fulfilling tasks. Significant measures will be taken in equitizing State-owned enterprises and making full use of land resources via bidding.

Nguyen Thanh Phong, Chairman of the municipal People’s Committee, said: “This year, we will put forth concrete solutions to continue improving local business and investment environment, and create the best conditions for enterprises to make breakthroughs, as well as ensure the efficiency of public investment, and enhance SOE efficient operation.”