HCM City leader receives Singaporean, Australian investors

HCM City has numerous projects open for foreign investment, Secretary of the municipal Party Committee Nguyen Thien Nhan said at a reception for investors from Singapore and Australia on March 6.

Wednesday, March 07, 2018 10:36

HCM City leader receives Singaporean, Australian investors ảnh 1

A view of Ho Chi Minh City (Source: VNA)

HCM City (VNA) – Ho Chi Minh City has numerousprojects open for foreign investment, Secretary of the municipal PartyCommittee Nguyen Thien Nhan said at a reception for investors from Singaporeand Australia who came to explore investment opportunities in the city on March6.

They include six resettlement projects, upgrades to 50 oldapartment buildings and construction in Thu Thiem urban area.

The city plans to build an innovative urban area covering Districts2, 9 and Thu Duc, including Thu Thiem urban area.

Nhan urged sectors and localities to continue creatingfavourable condition for investors to explore cooperation.

On behalf of the delegation, Neil Wilson, Chairman of theAustralian Sakkara Group, said they have invested in numerous projects in thecity.

They are interested in the city’s infrastructure projects,such as upgrades to canals, old buildings, Thu Thiem urban area and the equitisationof State-owed enterprises, with a total investment likely to reach 1.5 billionUSD.

The southern economic hub witnessed significantsocio-economic-cultural accomplishments in 2017. The city recorded an 8.25percent increase in gross regional domestic product, higher than the 8.05 percentgrowth the previous year.

Domesticinvestment exceeded 899 trillion VND (39.5 billion USD), three fold higher than2017, while foreign investment hit 6.38 billion USD, double the figure of theprevious year.

The city provide more than 347.9 trillion VND (15.3 billion USD) for the Statebudget, representing a year-on-year rise of 12.94 percent.-VNA

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#Ho Chi Minh City #investment opportunities #Nguyen Thien Nhan #foreign investment #resettlement projects #State-owed enterprises #Viet Nam News #Vietnam News Agency #Vietnamplus #Vietnamese latest news #southern economic hub Ho Chi Minh City

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