Turning Ho Chi Minh City into an International Financial Center (IFC) is an urgent requirement for Vietnam to integrate more deeply into the global economy, attract capital, technology, and high-quality human resources.
In recent years, natural disasters have become more frequent and unpredictable. Just one heavy rain can cut off an entire region, submerge many riverside residential areas in floods, while mountainous areas face sudden landslides.
Only two days after Resolution 68 on private economic development was issued, Vietnam’s richest person sent a document to the Prime Minister proposing investment in the North-South high-speed railway project.
Ho Chi Minh City
Ho Chi Minh City, formerly known as Saigon, is the largest city in Vietnam and a major economic hub. It served as the capital of the French colony of Cochinchina and later of the independent Republic of South Vietnam until the end of the Vietnam War in 1975, when it was renamed after the revolutionary leader Ho Chi Minh. Today, it is a bustling metropolis known for its French colonial landmarks, vibrant street life, and dynamic fusion of historical and modern influences.
North-South high-speed railway
The North-South high-speed railway is a major infrastructure project in Vietnam, designed to connect the capital Hanoi in the north with Ho Chi Minh City in the south over a distance of approximately 1,545 kilometers. Its development, approved by the National Assembly in 2020, aims to modernize the country’s transportation network, significantly reduce travel times, and boost economic integration, though construction has faced delays and debates over funding and technology. Once completed, it will represent a transformative leap in Vietnam’s connectivity and economic development.
