Vietnam Politburo Resolution 09: Shaping HCMC's Global Megacity Destiny

Executive Summary

On May 19, 2026, the Politburo of Vietnam officially promulgated Resolution No. 09-NQ/TW, a landmark policy blueprint for the construction and development of Ho Chi Minh City (HCMC) in the new era. This resolution serves as the highest-level political and legal mandate, introducing unprecedented institutional breakthroughs—most notably the transition toward a “Special City Law”—to elevate HCMC into a leading Asian economic hub by 2045 and a global megacity by 2075.

Key Targets & Milestones (2026 - 2035)

• GRDP Growth Rate: Targeted at a minimum of 10% annually.
• Digital Economy Contribution: Projected to account for 40% of GRDP by 2030, and 60% of GRDP by 2035.
• GRDP Per Capita: Projected to reach a minimum of $14,000 by 2030 and $25,000 by 2035.
• Vision 2045: Stabilize HCMC’s position as the economic, financial, and innovation epicenter of Asia, with a highly attractive business environment.
• Vision 2075: Elevate HCMC to a modern, smart, and fully integrated global megacity, ranking alongside the world’s leading metropolises.

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1. The Institutional Breakthrough: Special City Law

The core policy shift introduced by Resolution 09 is the transition from “pilot mechanisms” (e.g., Resolution 98) to permanent, systemic decentralization.

Structural Changes

1. Drafting the Special City Law (Luật Đô thị đặc biệt): The Government is directed to draft and pass a comprehensive legal framework specifically for HCMC. This law will grant HCMC unprecedented autonomy in budgeting, investment approvals, organizational structure, and urban management.
2. Radical Decentralization: Decision-making power over land-use planning, public investment, and administrative licensing will be shifted entirely from central ministries to HCMC municipal authorities.
3. Private Sector Empowerment: The private sector is explicitly designated as “the most important driving force” for the city’s economic growth. Special administrative and credit incentives will be established to foster local private conglomerates and attract high-quality FDI.

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2. 8 Strategic Groups of Tasks and Solutions

To achieve these ambitious targets, the Politburo has defined eight primary directives:

1. Growth Model Innovation: Accelerating the transition to a knowledge-based economy, led by digital transformation, high-tech manufacturing, and green services.
2. Special Institutional Framework: Enacting the Special City Law and developing a highly efficient, business-centric governance system.
3. Spatially Multi-polar Planning: Reorganizing HCMC’s economic space around transit-oriented development (TOD) and multi-centric urban clusters.
4. Resource Mobilization: Cultivating private capital, setting up specialized green finance mechanisms, and issuing international municipal bonds.
5. Modern Infrastructure: Eradicating bottlenecks in transit, flooding, and pollution through massive, integrated investments in public transport and smart grids.
6. Culture & Human Capital: Building a cultural identity centered on innovation, and attracting elite global and domestic talent.
7. Defense, Security, and Foreign Affairs: Maintaining political stability and positioning HCMC as a key hub for regional diplomacy.
8. Party & Governance Building: Enhancing administrative capacity and accountability within municipal authorities.

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3. Implications for Businesses & Investors

Resolution 09 creates a highly favorable regulatory environment for long-term investments:

• FDI Safeguards: The Special City Law will streamline licensing for high-tech, R&D, and financial projects, drastically reducing administrative delays.
• Green Investment Focus: With a target of Net Zero by 2045, projects in green energy, circular economy, and smart-city infrastructure will benefit from tax exemptions and dedicated credit packages.
• Regional Integration: Reorganizing space into 5 poles and 5 corridors will unlock massive suburban land banks, presenting opportunities for real estate, logistics, and industrial park developers.

[!IMPORTANT] Resolution 09-NQ/TW marks a milestone shift in Vietnam’s governance, providing HCMC with the legal tools to operate as a global city. Click the download button above to access the official Vietnamese PDF text of the Resolution.