HCM City is urging foreign businesses to invest in the city’s infrastructure, including an urban light railway network and a number of bridges, roads and industrial parks around the city.

The Chairman of the municipal People’s Committee Le Hoang Quan, stated this at a reception for US business leaders in Singapore, led by David Adelman in HCM City on Feb. 21.

From 1988 until the end of 2011, HCM City attracted over 4,100 FDI projects worth more than 32 billion USD. Of them, real estate projects accounted for 34.68 percent and production facilities made up 12.5 percent.

Last year, the US ranked eighth among countries investing in the city./.