As one of the country’s leading economic powerhouses, Ho Chi Minh City not only executes its socio-economic development plans successfully but also significantly contributes to the national budget. This, in turn, stimulates the economies of other regions, especially neighboring areas, through inter-regional economic operations.
Being a vibrant and robust city with high investment appeal, Ho Chi Minh City also boasts some of the most valuable real estate in Vietnam. While this resource has been efficiently tapped, maximizing returns requires a comprehensive review and full exploitation of the remaining untapped land reserves.
One Central building, mentioned in the recent People’s Council meeting as an example of underutilized public real estate. Photo: QUOC ANH
As highlighted in last week’s People’s Council meeting, there are over 13,000 addresses of public assets that need reorganization and more than 1,000 vacant or underutilized properties. These issues stem from the rapid economic growth and overlapping management challenges due to incomplete regulations, requiring time for classification and strategic resolution to maximize efficiency in the city’s new development phase.
Coincidentally, the management of public assets raised by the delegates is also a concern for the city’s leaders, who have developed a utilization plan. These assets account for only 5% of the total public assets under the city’s management. While the percentage is small, public assets must benefit the nation and not be exploited by individuals.
According to Ho Chi Minh City’s People’s Committee plan, a comprehensive inventory of public assets in the city will be conducted on software developed by the Ministry of Finance, starting January 1, 2025. This inventory will enhance the evaluation and management of public assets in the city, leading to more effective utilization.
The issue of public asset management is not unique to Ho Chi Minh City but is being addressed nationwide. This is a consistent policy, recently emphasized by the central government in the new era’s development plans. The efficient use of land in localities with high land values will serve as a model for other regions to emulate.
Urban land and property values are intrinsically linked to the local economy’s growth. Conversely, these assets are fundamental to the development of other sectors. Prime real estate in the heart of major cities like Ho Chi Minh City, Hanoi, and Da Nang attracts strong investor interest. Ineffective management or underutilization of these assets equates to wastefulness, regardless of the timeframe.
Land, second only to human resources, has historically been the nation’s most valuable asset. By optimizing the utilization of this resource, we can confidently outline robust socio-economic development plans to serve the people.
Accelerate and Innovate: Surpassing Excellence with 15/15 Targets for 2024
At Resolution No. 233/NQ-CP of the regular November 2024 Government meeting, the Government requested that ministries, branches, and localities accelerate and break through to achieve and exceed all 15/15 targets and goals for 2024. They also urged the immediate implementation of new, important, and urgent tasks to create momentum and a stronger position to achieve victory in the plan for socio-economic development in 2025.
“Aspiring for a Brighter Future: Ho Chi Minh City Aims for a Per Capita Income of $8,500 by 2025”
Ho Chi Minh City aims to achieve a double-digit growth rate in its regional gross domestic product (RGDP), targeting a rate of over 10% by 2025. This ambitious goal is complemented by an aim to raise the city’s per capita RGDP to approximately 8,500 USD in the same year, a figure that underscores the city’s commitment to economic development and prosperity.
“An Ambitious Target: Ho Chi Minh City Aims High with 53.5 Million Visitors by 2025”
The city’s tourism industry aims to attract 8.5 million international arrivals and 45 million domestic visitors, with a projected total revenue of VND 260 trillion.
Governor of Thanh Hoa Province: Achievements Instill Trust in Citizens
“The achievements are significant and pivotal in giving us the momentum and confidence to stride towards our 2025 goals. They reassure and reinforce the people’s faith in the leadership and guidance of the Provincial Party Committee, the People’s Council, the Provincial People’s Committee, and the authorities at all levels.” – Chairman of the Thanh Hoa Provincial People’s Committee, Do Minh Tuan, stated at the 24th session of the 18th term of the Thanh Hoa Provincial People’s Council.
The Satellite City Real Estate Frenzy Near Tet: Unveiling the “Unusual” Investment Moves from the North.
The pricing and sales policies of the township, villa, and villa segments in the vicinity of Ho Chi Minh City offer a competitive edge over the city’s market.
