Ho Chi Minh City needs nearly 686 trillion VND (29.8 billion USD) for its mid-term investment plan for the 2021-25 period, according to the municipal People’s Council.
Export processing and industrial zones in HCM City have attracted 236.1 million USD in investment so far this year, including new and additional capital, an increase of 22.87 percent year-on-year.
Total new and additional investment capital in Ho Chi Minh City’s industrial and processing zones reached 224.61 million USD in the first quarter of this year, an increase of 66.34 percent year-on-year and representing 40.84 percent of the annual plan.
More and more US businesses have been looking to pour capital into or expand their existing investment in Ho Chi Minh City, especially in hi-technology, electronics, and telecommunications, as well as other areas where the city has strengths.
Industrial parks (IPs) and export processing zones (EPZs) in HCM City attracted investment totalling 591 million USD in the first 10 months of this year, an increase of 7.16 percent year-on-year, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA).
More than 3,000 overseas Vietnamese had invested 45 trillion VND (1.94 billion USD) as of the end of last year in HCM City, an official said at a recent meeting in the city.
Chairman of the municipal People’s Committee Nguyen Thanh Phong has asked agencies to improve production of major industries and diversify tourism products, as well as speed up the capital disbursement rate of public investment projects in the city.
The administration of Ho Chi Minh City and the British Business Group Vietnam (BBGV) held a conference on October 14 to seek ways for removing difficulties facing British investors.
To attract more investment, especially from overseas, Ho Chi Minh City needs to renovate and reform its export processing zones (EPZs) and industrial parks (IPs), said Tran Quang Truong, General Director of Tan Binh Industrial Park.
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong received a delegation of the new heads of Vietnam’s overseas representative agencies for 2019-2022 on October 4.
Chairman of Ho Chi Minh City People’s Committee Nguyen Thanh Phong discussed with visiting Governor of Australia’s Victoria state Linda Dessau ways to promote cooperation between the two sides, particularly in innovative startup and education, at a meeting on October 4.
Vice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem hosted a reception on September 12 for Malaysian Minister of Primary Industries Teresa Kok Suh Sim, who is leading a delegation of Malaysian businesses on a working visit to the southern hub of Vietnam.
It has been a remarkable transformation for Ho Chi Minh City’s People's Hospital 115 which recently became the first medical facility in the country to successfully carry out a robotically-assisted brain tumour surgery.
Leaders of Switzerland’s Credit Suisse and Aebi Schmidt Holding (ASH) Company expressed interest in smart urban development in Ho Chi Minh City during a meeting with Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen on July 8.
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong received Governor of the Republic of Korea (RoK)’s Gyeongsangbuk province Lee Cheol-woo on June 25 to discuss ways to promote cooperation between the two localities.
Politburo member and Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan received Senior Vice President of the US-ASEAN Business Council (UABC) Michael Michalak on June 17 to discuss ways to bolster cooperation in improving local human resources quality.
Ho Chi Minh City attracted 2.77 billion USD in foreign investment in the first five months of this year, with 46.7 percent of the capital poured into real estate.
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong on May 23 received a delegation of the All-China Federation of Industry and Commerce (ACCIC), led by its vice president Xu Lejiang.
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong expressed his appreciation for Singapore’s Keppel Corporation projects while receiving its CEO Loh Chin Hua on April 5.
Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan had a meeting on March 25 with Singaporean Deputy Prime Minister and Co-ordinating Minister for National Security Teo Chee Hean who is on an official visit to Vietnam.
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