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Dr. Cấn Văn Lực: HCMC needs to mobilise about 1.7 million billion VND a year for growth

Dr. Cấn Văn Lực says HCMC needs to mobilise about 1.7 million billion VND in total social investment each year over 2026–2030, equal to 22% of the national requirement. To sustain double-digit growth, total investment would need to stay at 35%–40% of GDP, while the state budget covers only about 20%–22% of the need, with the rest coming from the private sector. Bank credit currently carries 51% of total capital, while the capital market meets only about 13%–14%, and household savings are expected to fall to about 33% of GDP by 2026. He therefore proposes tapping seven additional sources of funding, including green finance, a stock market upgrade, digital assets and carbon credits.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: TS Cấn Văn Lực: TP.HCM cần huy động khoảng 1,7 triệu tỷ đồng/năm cho tăng trưởng

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