HCMC autonomy yet to deliver expected revenue gains

HCMC's downtown area in February 2022. Photo by VnExpress/Quynh Tran

A special mechanism granting greater autonomy to HCMC in 2017 has allowed it to simplify some administrative procedures, but not increased budget revenues as expected.

HCMC was granted extra autonomous decision-making power in November 2017 to help the nation's economic hub develop to its full potential as per Resolution 54 passed by the National Assembly, the national legislative body.

Under the resolution, the city can raise and add additional fees and charges to regulate its residents' behaviors and increase its budget revenue.

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