Prime Location in Ho Chi Minh City: Establishing a Free Trade Hub

Leveraging the inherent advantages of the locale, the leadership of Saigon Ward has expressed a vision to establish several duty-free shopping centers. These hubs would primarily offer tax exemptions, reduced taxes, or permit transactions in foreign currencies, strategically designed to attract international visitors and bolster foreign currency inflows.

0
12

On the afternoon of September 30th, the Party Committee of Saigon Ward, Ho Chi Minh City, held the 5th Conference of the Ward Party Executive Committee. The conference aimed to review the work of the third quarter of 2025 and outline key objectives for the fourth quarter.

Addressing the conference, Mr. Nguyen Van Duoc, Deputy Secretary of the City Party Committee and Chairman of the Ho Chi Minh City People’s Committee, praised Saigon Ward’s achievements in the first nine months of 2025. He particularly highlighted the effective implementation of the two-tier local government system, which has significantly improved public service delivery. Mr. Duoc encouraged the ward to continue leading by example for other wards and communes.

Chairman of Ho Chi Minh City People’s Committee Nguyen Van Duoc speaking at the conference. Photo: Ngo Tung

According to Mr. Duoc, many wards and communes in Ho Chi Minh City face challenges such as staff shortages and surpluses, backlogged files, and hesitation in decision-making. He cited land clearance as a critical issue, particularly for major road projects.

Mr. Duoc noted that some localities have specialized department-level staff but hesitant commune chairs, while others have competent commune chairs but lack departmental staff. This imbalance delays land clearance, which in turn slows down projects and public investment, ultimately affecting the city’s growth targets.

Moving forward, Chairman Duoc urged Saigon Ward to take the lead in implementing the two-tier local government system, fostering socio-economic development, digital transformation, and efficient operation of the Public Administration Service Center.

He emphasized that Saigon Ward enjoys unique advantages, including historical revolutionary sites and high-end shopping centers and hotels. These assets provide a solid foundation for rapid and sustainable socio-economic growth.

Secretary of the Saigon Ward Party Committee Nguyen Tan Phat.

Mr. Nguyen Tan Phat, Secretary of the Saigon Ward Party Committee, announced plans to establish duty-free or tax-reduced shopping centers, allowing foreign currency transactions to attract international visitors and foreign exchange.

“This strategy leverages our existing infrastructure, including 10 shopping centers and 6 large supermarkets, to stimulate growth,” Mr. Phat explained.

Additionally, Mr. Phat highlighted the ward’s potential for smart urban management, given its comprehensive infrastructure. He requested city leaders’ support to ensure the successful implementation of these initiatives.

Tourists shopping at a popular destination in Saigon Ward. Photo: Ngo Tung

In the first nine months of 2025, Saigon Ward processed 13,528 out of 14,430 administrative procedures, achieving a 100% on-time completion rate. All procedures were handled through the city’s administrative procedure information system and integrated with the National Public Service Portal.

You may also like

Emerging Milestone for Ho Chi Minh City’s International Financial Hub

Ho Chi Minh City’s standing on global rankings continues to rise, underscoring its unwavering commitment and vast potential to emerge as a leading international financial hub.

Financial Enterprises in the Digital Transformation Wave

In the face of rapid market and technological shifts, Vietnamese financial enterprises are grappling with the imperative of digital transformation. From a practical standpoint, the undeniable benefits of this transition are clear, yet significant barriers continue to hinder its seamless execution.

Inauguration of the Extended Dien Bien Phu Road Project Connecting to Diem Van Urban Area in Gia Lai Province

The People’s Committee of Gia Lai Province has officially inaugurated the extended Dien Bien Phu Road, now seamlessly connecting to the Diem Van Urban Area.

Vietnamese City Surpasses Bangkok in Key Global Capital Market Index

For the first time ever, Vietnam’s index has surpassed Thailand’s, marking a significant milestone in the country’s growth and development.

Groundbreaking of the An Biên – Rạch Giá Coastal Bridge, a Nearly 4 Trillion VND Project

On the morning of September 30th, the People’s Committee of An Giang Province launched the construction of a bridge project along the coastal road connecting An Biên and Rạch Giá, with an investment of nearly 4 trillion VND. This key project marks a significant milestone in preparation for the 1st An Giang Provincial Party Congress (term 2025 – 2030) and leads up to the 14th National Party Congress.