About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
繁體 简体
Save As PDF Print this page

VIETNAM: Ho Chi Minh City Granted Investment Autonomy by Central Government

As of 1 January 2018, the local government in Ho Chi Minh City (HCMC) will be free to make most of the policy decisions relating to investment, land management and public spending without securing prior approval from the country’s Prime Minister. This enhanced autonomy is said to be in recognition of the city’s status as the country’s economic powerhouse and is scheduled to extend for a minimum period of five years.

The change will also see HCMC retain a greater proportion of local tax revenues, while entitling the city authorities to impose additional consumption taxes and environmental protection levies as they see fit.

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)