City to set up fund for infrastructure
HCM City has submitted to the Prime Minister a proposal to create a State-owned financial investment company that will generate capital to build infrastructure and develop key industries.
The financial investment company will be the link between State and economic sectors and receive capital from domestic and foreign organisations and individuals.
It will also supply consulting services and undertake other tasks, according to the municipal People’s Committee.
This is one of many key projects which the Government Office has just unveiled in order to develop HCM City.
Among other projects, the Ministry of Finance and the Ministry of Planning and Investment will allocate funds from the State budget in advance to move a workshop of the Ba Son United Enterprise from HCM City’s District 1 to Ba Ria-Vung Tau province.
Investment will also be made in building a metro terminal and the Hiep Phuoc Port Urban Area in HCM City. (VNS)
