Processing farm produce (Illustrative image. Source: VNA)
HCM City (VNA) – Ho Chi Minh City held a dialogue with Singaporean businesses on September 27 to help them remove difficulties and promote investment in the city.

Vice Chairman of the municipal People’s Committee Le Thanh Liem recognised the active contributions of the Singaporean Consulate General, Business Association and enterprises to the city’s socio-economic accomplishments over the past few years.

HCM City hopes to welcome a new wave of foreign investment, especially from Singapore, in the context that both countries are members of the Trans-Pacific Partnership (TPP).

He confirmed that local authorities are ready to exchange opinions with overseas investors, including those from Singapore, in order to ensure their legitimate interests.

Singaporean Consul General to HCM City Leow Siu Lin highlighted the economic ties between Singapore and Vietnam, particular HCM City, as a key pillar in the two countries’ relations.

The dialogue demonstrates the city’s wish to boost investment cooperation between the two sides, she said, adding that together with the joint efforts of the Vietnamese Government, HCM City’s authorities have worked to improve the investment climate and encourage foreign enterprises to invest in the city.

At the event, Liem also introduced to participants new points in Vietnam’s investment policies, and pledged that the city will forge ahead with administrative reform, infrastructure improvement and human resources development to create a favourable environment for foreign investors, including Singaporeans.

Singapore is currently the biggest foreign investor in HCM City with around 840 projects worth 9.57 billion USD, focusing on real estate, processing, manufacturing and services.-VNA