Business

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.
HCM City works on facilitating foreign capital influx ảnh 1In 2023, the metropolis posted nearly 5.9 billion USD worth of foreign direct investment, up nearly 50% year-on-year. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City authoritieshave freshly assigned tasks of stimulating foreign investment attraction, withthe municipal Department of Information and Communications asked to suggestmeasures drawing tech firms into local software and semiconductors sectors.

The Department of Planning and Investment, meanwhile, istasked with joining the implementation of steps to attract direct foreign capitaland making recommendations of selective criteria for foreign-funded projects inthe southern economic hub.

The Department of Industry and Trade is set to proposepolicies assisting the development of potential supporting industries, whilethe Department of Natural Resources and Environment comes up with ways totackle shortcomings for effective use of land sources.

Human resources preparations, tax policy recommendations, tradepromotion, and business climate improvement are also among the key tasks assignedto relevant departments, agencies, and units.

In 2023, the metropolis posted nearly 5.9 billion USD worthof foreign direct investment, up nearly 50% year-on-year./.
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#HCM City #foreign direct investment #foreign investment attraction #tech firms #software #semiconductors #vietnam #vietnam news agency #vietnamplus Ho Chi Minh City
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