Ho Chi Minh City is committed to creating a favourable investment climate for foreign companies, said Tat Thanh Cang, Deputy Chairman of the municipal People’s Committee.

He made the remark during a reception for a Japanese delegation led by the new President of the Japanese Business Association in Ho Chi Minh City (JBAH) Tsutomu Sakagami on May 19.

Cang said HCM City encourages Japanese businesses to invest in services, transportation, high-tech agriculture, as well as the processing and support industries.

The city leader also spoke highly the contribution of JBAH in connecting the two countries’ businesses.

For his part, Tsutomu Sakagami appreciated the city’s efforts to create favorable conditions for operations of JBAH and Japanese businesses.

In the coming time, JBAH will organise a series of activities to further develop the businesses cooperation between the two countries, he added.

JBAH added 105 new members in 2014, bringing its total membership to 770 businesses.-VNA