HCM City hotline to address foreign investor concerns

Ho Chi Minh City will set up a hotline for business sectors to create more favourable and convenient conditions for foreign investors, Le Manh Ha, Deputy Chairman of the municipal People's Committee, has announced.
Ho Chi Minh City will set up a hotline for business sectors to createmore favourable and convenient conditions for foreign investors, Le ManhHa, Deputy Chairman of the municipal People's Committee, has announced.

Duringa roundtable meeting between Japanese companies and city's authoritieson November 28, Ha said the hotline will be installed at customs as wellas other city sectors.

Existing hotlines have numbers that are too long, and the new numbers will be short and easy to remember.

Setting up new hotlines is one of the measures being taken to attract more investors, including those from Japan.

Atthe roundtable, representatives from Japanese companies said manyhotlines have been installed and are found useful, but they suggestedthat new ones be established to take calls about officials, such as taxor administrative staff, who break the law and ask for "unofficial"fees.

Japanese companies at the meeting said they had three major concerns: tax and customs, occupational safety and labour.

Most of them agreed that the city has helped them solve problems related to these issues, but they still need more support.

They said the city's infrastructure, transportation and public security must be further improved.

Theroundtable meeting is an annual event between HCM City and Japaneseinvestors. It is organised with the main aim of listening to investors'ideas and helping them solve problems.

This year, Japanese investment has equaled nearly one-third of total foreign investment in HCM City.

Currently, more than 1,400 Japanese companies are operating in the country, and more than half are based in HCM City.-VNA

See more

Inside the ABB factory in Vietnam (Photo: baodautu.vn)

European investment flows gain momentum in Vietnam

European investments are expected to pick up in Vietnam following Prime Minister Pham Minh Chinh’s engagement with Czech and Polish enterprises as part of his trip to Europe to attend the 55th Annual Meeting of the World Economic Forum.

Hideaki Egashira revealed plans to expand Idemitsu's investment in Vietnam. (Photo: tapchicongthuong.vn)

Idemitsu to expand investment in Vietnam

Hideaki Egashira, General Director of Idemitsu Vietnam Co Ltd, a subsidiary of Japanese petroleum company Idemitsu Kosan, has revealed plans to expand the company's investment portfolio in Vietnam.

Illustrative image (Photo: VNA)

Over 56% of Japanese firms looking to expand investment in Vietnam: Survey

According to a recent survey by JETRO on business conditions for Japanese-affiliated companies overseas, the expanding domestic market demand and the increasing profitability rate are major driving forces for Japanese businesses to continue expanding their operations in Vietnam in the coming years.

Vietnam’s rice exports to Singapore surge (Photo: VNA)

Vietnam’s rice exports to Singapore surge

Vietnam’s rice exports to Singapore recorded significant growth in 2024, cementing Vietnam’s position as the third-largest rice supplier of the city state, according to the Vietnam Trade Office in Singapore.