Change for growth
As the biggest economic center of Vietnam, HCMC is feeling tied by a slew of prevailing regulations. It is desperate for a special governance mechanism so that the metropolis will be able to grow faster and thus fuel development in the rest of the nation. Meanwhile, the quality of growth and the competitiveness of the city remain poor. Given the nation’s broader and deeper international integration, the application of the same development policies and regulations to different cities and provinces irrespective of their development levels and conditions is impeding the city’s growth.
