Business

HCM City vows best conditions for Korean investors

By January 2025, the RoK had emerged as HCM City's third-largest foreign investor, boasting 2,286 projects with a total of 5.5 billion USD in registered capital.

Vice Chairman of the HCM City People's Committee Vo Van Hoan speaks at the dialogue. (Photo: nhandan.vn)
Vice Chairman of the HCM City People's Committee Vo Van Hoan speaks at the dialogue. (Photo: nhandan.vn)

HCM City (VNA) – Ho Chi Minh City authorities reaffirmed their commitment to creating the best possible conditions for businesses from the Republic of Korea (RoK) at a dialogue on March 25, aimed at unlocking new cooperation and investment opportunities.

The RoK remains one of HCM City's top partners in trade, investment, and tourism, with a thriving Korean community of over 80,000 people and more than 2,000 businesses contributing significantly to the city’s development and strengthening Vietnam-RoK ties.

By January 2025, the RoK had emerged as HCM City's third-largest foreign investor, boasting 2,286 projects with a total of 5.5 billion USD in registered capital.

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Participants at the dialogue (Photo: nhandan.vn)

At the dialogue, participants acknowledged the city’s proactive measures to support businesses, attract investment, and drive economic recovery. The city's officials pledged to maintain a stable business environment and ensure optimal conditions for foreign enterprises, particularly Korean firms, to operate efficiently and sustainably.

Looking forward, HCM City plans to focus on developing high-tech industries, enhancing support services, and positioning itself as an international financial and digital technology centre.

The city will also prioritise attracting investment through public-private partnerships (PPP) in key sectors such as infrastructure, healthcare, education, culture, and sports. Additionally, efforts to improve the investment environment, streamline administrative procedures, and support businesses will remain a top priority./.

VNA
#HCM City #RoK #Republic of Korea #Korean businesses #Vietnam-RoK ties #business environment Ho Chi Minh City Korea (RoK)
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