NA deputies worry over drop in foreign investment in City

HCM City – The National Assembly delegation of HCM City has asked the city’s People’s Committee why the amount of foreign direct investment has declined this year.

The National Assembly delegation of HCM City has asked the city’s People’s Committee why the amount of foreign direct investment has declined this year.– Photo thesaigontimes.vn
The National Assembly delegation of HCM City has asked the city’s People’s Committee why the amount of foreign direct investment has declined this year.– Photo thesaigontimes.vn

“For the first nine months, the city had 587 new FDI projects with total capital of US$751 million, an increase of 45.3 per cent in number of projects but a significant decrease of 68.2 per cent in capital,” Truong Trong Nghia, deputy head of the HCM City Lawyer Association and an NA member, said at a meeting with HCM City authorities on Wednesday.

“Is HCM City becoming too expensive for foreign investors,” he asked.

Nghia said he was also concerned about the impact of pollution, especially at the Đa Phuoc Rubbish Grounds.

“The city must solve the problem of the Đa Phuoc Rubbish Grounds to ensure health for its residents,” he said.

Despite the drop in investment, other National Assembly delegates said the city should reject any improper project, particularly if it affects pollution.

Serious flooding has become another hot issue. Delegates urged the city authorities to carry out long-term solutions to cope with the worsening flooding.

“Key anti-flooding projects, including one at Tan Son Nhat Airport, must be speeded up to avoid negative impact on socio-economic development,” Nghia said.

Speaking at the meeting, Le Thanh Liem, the deputy chairman of the city People’s Committee said the city would develop support industries to increase localization ratio, and improve value and competitive ability for local industrial products.

“Through such work, the city will call for more foreign investment,” Liem said.

The city also plans to implement more solutions to promote investment, including administrative reform, and more discussions among investors and local authorities as well as creation of “clear” land fund.

As for the Đa Phuoc Rubbish Grounds pollution, Liem confirmed that authorities had worked with the Vietnam Waste Treatment company, which is in charge of operating the rubbish grounds, which has caused a bad smell for months.

“The company must keep their promise to clear the air and maintain a clean environment for local residents,” he said.

Liem committed that relevant authorities would more strictly supervise the operation of the rubbish grounds.

VNS

Other News

Vietnamese students shine at AIMO 2026 international finals

Vietnamese students shine at AIMO 2026 international finals

The Vietnamese team won one Champion title, four First Runner-up awards, three Second Runner-up awards, 42 gold medals, 83 silver medals, 70 bronze medals and two consolation prizes at the 2026 International Finals of the Asia International Mathematical Olympiad Open Contest (AIMO) held in Hanoi on August 2-5.

Politburo's Resolution 57-NQ/TW powers new growth momentum

Politburo's Resolution 57-NQ/TW powers new growth momentum

NSO Director Nguyen Thi Huong said alongside foreign investment and the green economy, science – technology, innovation, the digital economy and digital transformation are the new drivers that can can pack a serious second-half punch.

Vietnam’s poverty reduction miracle: A journey for the people

Vietnam’s poverty reduction miracle: A journey for the people

From a country where more than 50% of the population lived below the poverty line in the early 1990s, Vietnam has reduced its poverty rate to just 2.95% today. This achievement reflects not only the effectiveness of socio-economic development policies, but also Vietnam’s ability to translate growth into tangible opportunities for its people, steadily realizing inclusive development and ensuring that no one is left behind.

Can Tho boosts Vietnamese language support for ethnic minority children

Can Tho boosts Vietnamese language support for ethnic minority children

Backed by more than 4.2 billion VND (161,000 USD) from the State budget, the programme aims to strengthen children's Vietnamese communication skills before they begin primary school, helping them integrate more smoothly into the classroom and improve learning outcomes from the outset.

Powering growth: Ensuring reliable energy supply to keep investment flowing

Powering growth: Ensuring reliable energy supply to keep investment flowing

Across Ha Tinh and Nghe An, maintenance teams conduct inspections day and night, using thermal cameras and drones to detect potential faults without interrupting electricity supply. Their work helps ensure stable power supply for businesses as the region accelerates development in line with the Government's economic growth targets.

One Vietnamese worker killed in Japan earthquake

One Vietnamese worker killed in Japan earthquake

The Embassy of Vietnam in Japan and its labour management board are actively implementing citizen protection measures and maintaining close contact with relevant organisations and companies employing Vietnamese workers in the affected areas to monitor the situation.

Hanoi to support low-income residents in replacing high-emission motorbikes

Hanoi to support low-income residents in replacing high-emission motorbikes

A key task is to formulate a support scheme for low-income residents to replace ageing motorcycles and mopeds that fail to meet emission standards and pose a high risk of pollution. It will also propose funding to provide free first-time emission testing for motorcycles and mopeds across the city.

UNESCO endorses vision for restoring Thang Long Imperial Citadel's central axis

UNESCO endorses vision for restoring Thang Long Imperial Citadel's central axis

The committee commended Vietnam for fulfilling the commitments it has made since the citadel was inscribed on the UNESCO World Heritage List in 2010, as well as for implementing recommendations from the committee and its advisory bodies. It also praised the country's efforts to preserve the site's cultural, historical and social values, transforming the imperial citadel into a space for public engagement, cultural exchange and historical education. The committee further welcomed the long-term vision as an important basis for the proposed restoration of Kinh Thien Palace in line with the approved conservation strategy.

Border guards seize 15,200 drug pills, heroin in major trafficking bust

Border guards seize 15,200 drug pills, heroin in major trafficking bust

At about 10:15 pm on July 20, officers from the Operations Division of the Nghe An Border Guard Command and the Nam Can International Border Gate Border Guard Station, in coordination with customs officers at the Nam Can International Border Gate, caught a resident of Tan Tien hamlet, Chieu Luu commune, Nghe An province, allegedly transporting narcotics in Tien Tieu hamlet, Nam Can commune.

Floods, landslides wreak havoc on northern mountainous region

Floods, landslides wreak havoc on northern mountainous region

Total economic losses were estimated at about 255 billion VND (nearly 9.7 million USD), with Lai Chau accounting for the largest share of the damage with 190 billion VND, followed by Son La with 46.04 billion VND, Lao Cai with 16.7 billion VND, and Dien Bien with 2.3 billion VND.