LEGAL PROBLEMS AND MULTI-DIMENSIONAL IMPACTS ON THE ECONOMY - SOCIETY IN HO CHI MINH CITY AFTER THE IMPLEMENTATION OF RESOLUTION NO.54/2017/QH14

Abstract

Ho Chi Minh City (hereinafter referred to as City) is a special urban area, occupying only 0.6% of the country's area, the population accounts for more than 9% of the country’s population, but contributing nearly 22% of GDP and about 28% of the total national budget revenue. However, due to mechanisms and policies, it is not possible to maximize the resources for economic and social development of the City. Resolution No. 54/2017/QH14 dated November 24th, 2017 of the 14th National Assembly on piloting specific mechanisms and policies for the development of Ho Chi Minh City (referred to as Resolution No. 54) has created a legal corridor wide enough for the largest megacities in the country, removing the “binding mechanisms”, “sharing oversized clothes” with other localities. Within the scope of this article, we refer to the legal problems when implementing Resolution No. 54 and the multidimensional impacts of this document on the city’s socio-economic development in the coming time.