
New Chairman Phong Faces HCMC’s Ambitious Growth Plan
Chủ tịch mới Phong đối mặt kế hoạch tăng trưởng tham vọng của TP.HCM
Source: Vnexpress
The Ho Chi Minh City People’s Council elected Phong as chairman of the city’s People’s Committee for the 2026‑2031 term, and every one of the 112 council members voted for him. His appointment comes at a time when the city is chasing ambitious economic goals, so the choices he makes could affect jobs, services and daily life for millions.
Phong holds a doctorate in biotechnology and has a long political career that began in youth organisations. He previously served as the youngest provincial Party secretary in Dong Thap, giving him experience in managing rapid development.
HCMC aims for double‑digit economic growth, a state budget revenue of VND1 quadrillion, and full public‑investment disbursement in 2026. The city’s GRDP grew 7.53% last year and 9.06% in the first nine months of this year, but it must grow more than 13% in the fourth quarter to hit the 10.2% target, putting pressure on the new administration.
The new Urban Development Law, effective Oct 1, gives HCMC extra authority to remove institutional obstacles. It also lets the city act faster to attract investment.
If Phong can use his expertise and the new legal powers to speed up projects, the city may reach its growth targets and create more employment and better public services. Residents should watch how these changes translate into everyday improvements.
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