Deputy Prime Minister Hoang Trung Hai has praised Ho Chi Minh City’s efforts to become a reliable destination for foreign investors, being nation’s leading foreign investment attraction locality and one of the country’s top economic centres.

At a meeting reviewing 20 years of foreign investment attraction in the southern hub city on June 27, the deputy PM asked the city to draw lesson on foreign investment activities, promote administrative reforms to increase foreign investment and accelerate FDI disbursement.

Currently, there are more than 3,000 valid foreign invested projects in the city totaling 25.68 billion USD with focus on services and industry.

Chairman of the municipal People’s Committee Le Hoang Quan said FDI plays an important role in the city’s development and contributes to the city economic growth in many consecutive years.

Foreign investment activities have helped the city acquire advanced technology, improve human resource capacity and give the city new face-lift.

He also called for foreign investment in such large-scale projects as Thu Thiem and North West new urban areas, Binh Quoi-Thanh Da eco-tourism urban area, Hiep Phuoc port and the metro system.

The chairman also pledged more favourable conditions and an open and transparent environment for foreign investors in the future.

On the occasion, deputy PM Hoang Trung Hai conferred the Labour Order, First Class to the HCM City People’s Committee for its outstanding achievements in FDI attraction./.