HCM City works on facilitating foreign capital influx
Ho Chi Minh City authorities have freshly assigned tasks of stimulating foreign investment attraction, with the municipal Department of Information and Communications asked to suggest measures drawing tech firms into local software and semiconductors sectors.
In 2023, the metropolis posted nearly 5.9 billion USD worth of foreign direct investment, up nearly 50% year-on-year. (Photo: VNA)The Department of Planning and Investment, meanwhile, is tasked with joining the implementation of steps to attract direct foreign capital and making recommendations of selective criteria for foreign-funded projects in the southern economic hub.
The Department of Industry and Trade is set to propose policies assisting the development of potential supporting industries, while the Department of Natural Resources and Environment comes up with ways to tackle shortcomings for effective use of land sources.
Human resources preparations, tax policy recommendations, trade promotion, and business climate improvement are also among the key tasks assigned to relevant departments, agencies, and units.
In 2023, the metropolis posted nearly 5.9 billion USD worth of foreign direct investment, up nearly 50% year-on-year./.
You should also see
InfographicDien Bien expecting breakthroughs from National Tourism Year 2024
The National Tourism Year-Dien Bien 2024 is scheduled to take place in Dien Bien soon, which is expected to serve as a catalyst to transform the northern province into an appealing destination for both domestic and foreign visitors.
See more
Business
Major airports see over 200,000 passengers as holiday ends
Noi Bai International Airport in Hanoi and and Tan Son Nhat International Airport in Ho Chi Minh City saw more than 200,000 passengers on May 1 as people returned to the cities after the Reunification Day and May Day holiday.
Business
Binh Duong aims to become logistics hub in southern region
With its existing infrastructure and industrial parks, Binh Duong has strong potential to become a logistics hub of the region.
Business
Digital transformation – optimal choice for Vietnamese garment & textile firms
Digital transformation is considered a “key” to help Vietnamese garment and textile enterprises expand while meeting sustainable development, heard a recent conference held in Ho Cho Minh City.
Videos
Green economic development essential for businesses
Sustainable and green growth is emerging as an inexorable trend globally and been adopted by many countries, including Vietnam. This form of growth promotes the restructuring of the economy, fostering economic prosperity, environmental sustainability, and social equity.
Business
Trade surplus hits 8.4 billion USD in four months: GSO
Vietnam's import-export revenue reached 238.88 billion USD in the first four months of this year, with trade surplus reaching 8.4 billion USD, higher than the 7.66 billion USD recorded in the same period last year, according to the General Statistics Office (GSO).
