Business

HCM City pledges to facilitate operation of foreign businesses

Ho Chi Minh City always creates favourable conditions for foreign businesses to operate in the city, contributing to local socio-economic development, Chairman of the municipal People’s Committee Nguyen Thanh Phong said on August 27.
Chairman of the HCM City People’s Committee Nguyen Thanh Phong met with General Director of Samsung Vietnam Choi Joo-ho. Photo: Sai gon Giai phong (Liberated Saigon)

HCM City (VNA) – Ho Chi Minh City always createsfavourable conditions for foreign businesses to operate in the city,contributing to local socio-economic development, Chairman of the municipalPeople’s Committee Nguyen Thanh Phong said on August 27.

At a meeting with General Director of Samsung Vietnam Choi Joo-ho,Phong said the city’s leaders are interested in the operation of Samsung andother foreign investors.

He lauded the group’s efforts in maintaining production andensuring export revenue amidst the COVID-19 pandemic, and expressed his beliefthat the RoK-invested company will pour more investment and operate stably inHCM City and Vietnam at large.

For his part, Choi thanked HCM City’s authorities for their support,saying Samsung Vietnam will soon expand its investment in the southernmetropolis.

Later the same day, Phong met with Kim Huat Ooi, Vice President and General Director of Intel Products Vietnam Co.,Ltd., during which he spoke highly Intel’s contributions to the city’sdevelopment, especially its investment in the high-tech park and its role inhigh-tech personnel training and climate change response in the locality.

At a virtual meeting with the World Bank’s VicePresident for the East Asia and Pacific Region Victoria Kwakwa on the day,Phong appreciated the bank’s sponsor programmes in Vietnam and HCM City inparticular which, he said, have helped improve living standards of localresidents and spur socio-economic development.

In response, Kwakwa congratulated HCM City andVietnam for their initial achievements in containing the pandemic, saying the cityhas maintained its role as the nation’s economic locomotive.

Applauding the city’s performance inadministrative reform, the WB official suggested local authorities continue tocoordinate with relevant agencies to soon complete necessary procedures for thedisbursement of the bank’s loans in the city./.
VNA
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