HCM City to develop riverine infrastructure, economy

May 18th at 08:38
18-05-2021 08:38:06+07:00

HCM City to develop riverine infrastructure, economy

HCM City is focusing on developing riverside infrastructure and space for businesses there by 2045.

 

According to a plan submitted to the city's Department of Planning and Architecture, it plans to build multi-purpose infrastructure along the Saigon River, improve the scenery and public utilities there, and reinforce the city’s capabilities in combating flooding, climate change and erosion.

Architect Ngo Anh Vu, deputy director of the HCM City Urban Planning Institute, said the Saigon River’s two banks have 3,100-5,000 hectares of land that could be used to plant trees, build traffic infrastructure and public spaces and provide space for businesses.

The river passes through the city centre, and offers great potential for developing the riverine economy, Nguyen Thanh Nha, the director of the department, said.

Therefore, the areas around it should be prioritised in terms of infrastructure investment, such as embankments, bridges and open green spaces, he added.

Architect Ngo Viet Nam Son, chairman of consulting and design company NgoViet Architects & Planners, said riverside areas could be used to develop public spaces, something the city lacks, and transportation, parking and amusement.

The plan focuses on renovating its banks in the city centre and investing in several key green infrastructure projects.

The investment will focus on areas along the sides which are culturally and historically important and suitable for developing commercially, and those that are connected to infrastructures such as metro lines, roads and bridges.

The city will encourage and help companies invest in green infrastructure.

HCM City has a total of nearly 8,000 kilometres of rivers, canals and channels, accounting for around 16 per cent of its area. 

bizhub



NEWS SAME CATEGORY

Vietnam ongoing economic recovery affected by fourth Covid-19 outbreak: WB

The government may want to consider a new fiscal stimulus that would include a more generous assistance package for Covid-19 affected people and businesses, stated...

Vietnam and Japan tighten partnership

Japan will promote the digital transformation process in Vienam.

Local enterprises seek substantial supporting policies

Local firms have been hit hard by the fourth Covid-19 wave, and their efforts alone are insufficient to overcome this crisis.

Phu Yen Province attracts billion-dollar resort project

The central province of Phu Yen is emerging as an attractive market for real estate investment, especially in large-scale hospitality projects.

New green growth strategy to promote carbon-neutral economy

The Ministry of Planning and Investment is working with relevant ministries, sectors, and localities to draft a national strategy on green growth for 2021-2030 and...

Vietnam - A safe destination for development of FDI

Foreign investors maintained their trust in Vietnam despite countless difficulties last year and the country is viewed as a safe destination for development, a...

German enterprises in Vietnam remain positive despite pandemic

A survey has found 66 percent of German business in Vietnam expecting economic improvement in the country this year, up 20 percentage points from last year.

Startup with daily salary payment app bags $3 mln funding

Nano Technologies, a startup that has developed an app which allows workers to access accrued wages without waiting for payday, has raised $3 million in pre-seed...

PM supports increased budget retention for HCMC

Prime Minister Pham Minh Chinh said Thursday he supports a proposal to allow HCMC to retain 23 percent of its budget revenues for implementing its own development...

German firms optimistic about Vietnamese economy

German firms have expressed their optimism about Viet Nam's economy in both the mid and long-term in a survey released by the Association of German Chambers of...


MOST READ


Back To Top