Revisions to Resolution 98 are expected to give HCMC a sharper competitive edge and attract more strategic investors as the city pursues its ambitions to become a true megacity. New landscape, new demands In the December 3 session, the National Assembly reviewed the proposal and appraisal report and held group discussions on draft amendments to Resolution 98, the 2023 framework piloting special mechanisms and policies for HCMC’s development. After more than two years in force, Resolution 98 has delivered positive results. But the merger of Binh Duong and Ba Ria-Vung Tau into HCMC has reshaped the landscape, rendering the 2023 resolution too limited for today’s circumstances. A new plan calls for fresh momentum. City leaders have often said that updating Resolution 98 is about crafting a “new, well-fitted coat” – one broad, strong, and refined enough to support the city’s next stage of development. At the Autumn Economic Forum 2025, co-hosted by HCMC and its partners in late November, city and central government leaders outlined a broader vision for the city’s future to domestic and international investors. “After the merger, HCMC is entering a new phase of development, with a wider horizon and a bold ambition to become a modern, […]