Ho Chi Minh City officially expanded its boundaries, merging with Binh Duong and Ba Ria - Vung Tau to form a new "super city" which is a strategic turning point, demonstrating a breakthrough vision in territorial planning and economic development.
Representing the Vietnam Young Entrepreneurs Association, I clearly feel the trust and expectations from the Party, the State and the business community in the model of regional urban linkage. In the context of deep integration and global competition, the formation of a financial - high-tech industrial - marine economic super city is an important step, opening up new growth momentum for Ho Chi Minh City and the whole country.
Improving competitiveness for businesses
Previously, each locality had its own strengths, such as Binh Duong with modern industry and logistics, Ba Ria - Vung Tau as an important seaport gateway and Ho Chi Minh City as the economic locomotive of the whole country. When planned synchronously, with a common development orientation, resources and flexible operating mechanisms, we will have a completely new urban - economic structure, creating positive resonance.
Mr. Dang Hong Anh - Vice President of the Vietnam Youth Union; President of the Vietnam Young Entrepreneurs Association; Vice President of TTC Group
We, the young business community, have high expectations for a transparent investment environment, modern infrastructure, and a comprehensively promoted innovation ecosystem. That is the foundation to enhance the competitiveness of Vietnamese enterprises, attract international investment capital, and nurture new national “unicorns”.
Firstly, this is an opportunity to solve the problem of “local development” - a situation in which each locality has its own advantages but does not have a strong enough coordination mechanism to optimize regional resources. When Ho Chi Minh City, Binh Duong and Ba Ria - Vung Tau are planned according to a common orientation in terms of infrastructure, policies and markets, we will have an economic entity large enough and attractive enough to attract investors from all over the world.
Second, businesses will benefit from inter-regional connectivity: High-quality human resources are no longer limited geographically; freight transport, import and export will be more flexible; input costs will decrease, productivity will increase... This will be a very positive signal for investors.
Third, with a large urban scale and a rapidly growing population, this area will become one of the largest consumer markets in Vietnam, opening up a potential development space for the retail, service, technology and creative startups industries. This is an ideal environment to promote innovation and large-scale startups.
Need for clear regional coordination principles
However, to take advantage of these opportunities, it is necessary to be clear about the regional coordination principles: Flexible, transparent, unified institutions on licensing, taxes, and procedures, so that businesses can develop. At the same time, create conditions for small and medium-sized enterprises not to be "inferior" in the new game, thereby building a fair business environment, healthy competition and sustainable development.
It is necessary to affirm that the expansion of urban space will open up many opportunities for the business community and entrepreneurs. For businesses, this is a great opportunity to participate deeply in inter-sectoral, inter-provincial and even inter-national value chains. In the long term, I expect this expanded urban area to become a "super platform" to help Vietnamese businesses develop sustainably and reach out globally.
In the near future, Ho Chi Minh City will be honored to be in the top 100 most livable cities in the world
As one of the multi-industry private economic groups in Vietnam with 46 years of establishment and development, TTC always positions its growth strategy closely linked to dynamic economic centers, especially Ho Chi Minh City and key satellite provinces and cities.
The expansion of Ho Chi Minh City's urban space and the formation of a regional super-city is an opportunity for TTC Group to continue to affirm its pioneering role on a larger scale.
In recent years, we have proactively restructured and expanded the investment ecosystem in a long-term development orientation, focusing on 6 key sectors: Energy, agriculture, real estate, industrial real estate, education, and tourism. These are all areas closely linked to the needs of a modern city - where urbanization is taking place rapidly, the population is growing rapidly and people increasingly demand a higher quality of life.
I always believe that each stage of the country's development needs a generation of entrepreneurs with aspiration and pioneering spirit. The formation of the expanded Ho Chi Minh City megacity is a strong call for entrepreneurs and enterprises to join hands with the Party and the State to create a livable, investment-worthy and proud city.
As Chairman of the Vietnam Young Entrepreneurs Association, I pledge to continue to accompany the business community nationwide, especially the young generation of entrepreneurs; commit to accompanying the development of Ho Chi Minh City, building a transparent, dynamic, inter-regional connected business environment and nurturing the desire for innovation so that in the near future, Ho Chi Minh City will be honored to be in the top 100 most livable cities in the world.
(*) Vice President of the Vietnam Youth Union; President of the Vietnam Young Entrepreneurs Association; Vice President of TTC Group
According to Saigon Entrepreneurs