On December 11, with 433/438 delegates participating in the vote, the National Assembly passed the Resolution of the National Assembly amending and supplementing a number of articles of Resolution 98 on piloting a number of specific mechanisms and policies for the development of Ho Chi Minh City.
The Resolution allows Ho Chi Minh City to pilot a number of specific, unprecedented mechanisms and policies on investment management; finance, state budget; urban management, natural resources, environment; priority portfolio to attract strategic investors; establishment and operation of free trade zones; science and technology management, innovation; organizing the government apparatus...
Notably, the Resolution allows the Ho Chi Minh City People's Committee to decide on investment in construction combined with the construction of houses, construction of commercial and service works, public works at railway stations, train maintenance and repair areas (depot) and areas adjacent to intersections along Ring Road 3 are determined to develop according to the TOD model.
The Ho Chi Minh City People's Committee is also allowed to decide on technical economic indicators and planned land use indicators other than those specified in national technical regulations on urban and rural planning, but must ensure compliance with technical infrastructure systems, social infrastructure and environmental safety regulations for residential areas according to regulations.
An important content in the Resolution is the priority list and policy to attract strategic investors. In particular, the Resolution adds 11 priority project groups to attract strategic investors.
Notably, the group of investment projects to build and operate a resort complex includes accommodation services serving tourists with a minimum of 5-star standards, high-end resort services and comprehensive shopping and entertainment services in the Saigon River corridor, Dong Nai River and coastal corridor to create momentum for socio-economic development with an investment capital of VND 30,000 billion or more.
Investment projects for specialized medical clusters, sports complexes, cultural parks or theme parks with an investment capital of VND6,000 billion or more.
The project to renovate and relocate houses on rivers, houses along rivers, houses on canals, and houses along canals has an investment capital of VND6,000 billion or more.
The Resolution also allows the establishment and operation of the Ho Chi Minh City Free Trade Zone.
The free trade zone is an area with geographically defined boundaries, established to pilot outstanding and breakthrough specific mechanisms and policies to attract investment, finance, trade, high-quality services to promote exports, industry, research and development (R&D) activities, attracting high-quality human resources.
Along with that, it is organized into functional areas including: production areas, port and logistics areas, logistics centers, commercial - service areas and other types of functional areas according to the provisions of law.
The functional areas in the Free Trade Zone that meet the conditions of the non-taxable zone as prescribed by law are guaranteed to have customs inspection, supervision and control activities of customs authorities and state management activities in corresponding fields of relevant agencies according to regulations.
