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The council will include the representatives of enterprises and the relevant agencies as well as local and international experts. In addition, programs to stimulate the development of tourism, shopping and catering services should be worked out. The disbursement of capital for four large-scale projects in the city has remained slow, so the HCMC government has proposed the Ministry of Planning and Investment cooperate with the Ministry of Finance to review official development assistance ODA loans to speed up the construction of these projects.
Among the nine projects under construction, eight are investment projects, including four major projects, while the other project is for technical support, the HCMC government office said on March 4. Most of them have fallen far behind schedule.
Metro line No. Apart from the proposal for ODA disbursement, the municipal government also proposed continuing to mobilize ODA and preferential loans for its other large-scale infrastructure, transportation and environment projects.
These projects include the water drainage rehabilitation project for Tham Luong-Ben Cat-Nuoc Len Canal, a project to upgrade sewage systems in the west of the city and the metro line No. Deutsche Bank on March 4 announced it is investing further in Vietnam to support larger trade flows from Europe, which are expected to increase following the recently ratified EU-Vietnam Free Trade Agreement. With supply chains facilitating more trade, we are clearly seeing more demand for both inbound and outbound Vietnamese dong VND currency payments.
As a result, the bank is investing to enhance the digital capabilities of its award-winning FX platforms to cater to the higher demand for local currency settlement. Late last year, Deutsche Bank added the restricted Vietnamese dong to its FX4Cash platform, which offers more than currency pairs globally.