During a seminar co-hosted by the Ho Chi Minh City Real Estate Association (HoREA) and J-CODE in Ho Chi Minh City on March 3, Kimura said Japan wants to partner with the city to address challenges such as traffic congestions, population pressure and environmental pollution, towards building the city into a modern and eco-friendly metropolis with sustainable growth.

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J-CODE President Keiji Kimura (L) and Chairman of HCM City People's Committe Nguyen Thanh Phong

J-CODE now has 57 members with a wealth of experiences in financial management, development planning and urban infrastructure construction, he said.

HoREA Chairman Le Hoang Chau said there remain nearly 1,200 real estate projects in the city that are calling for cooperation and joint-ventures with partners, especially those from Japan.

Deputy Director of the municipal Construction Department Le Tran Kien said between 2016 and 2020, the city is striving to relocate 20,000 households living on and along dykes and canals.

Urban landscaping projects are divided into three categories, including those using State budget, those regarding commercial housing construction in combination with urban development, and those in the form of public-private partnership.

By 2020, the city plans to repair, upgrade and build half of 474 old apartment buildings built before 1975, he said.

Source: VNA