Ho Chi Minh City, as the largest economic hub in Vietnam’s southern region, offers a favourable investment climate for foreign companies, including those from Europe to do long term businesses.

Chairman of the municipal People’s Committee Le Hoang Quan made the comment at a reception for representatives from the European Chamber of Commerce in Vietnam (Eurocham) on February 21.

Quan said the city administration always stands side by side with foreign businesses, facilitating their operation in line with Vietnam ’s laws.

He briefed the guests on HCM City ’s socio-economic situation and its development orientations, stressing that the city is accelerating its international integration process as part of efforts to become a leading economic hub of the country.

The meeting was an opportunity for the city’s leaders and European investors to discuss issues related to foreign businesses’ operation in Vietnam as well as development orientations for HCM City until 2020.-VNA