HCM City calls for further investment from RoK investors

Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan  receives SM Group Chairman Woo Oh-hyun, August 16, 2018

At the reception, Woo Oh-hyun who is also President of the Korea-Viet Nam Economic and Cultural Association, said his group aims to study the Vietnamese market so as to set up a representative office in Southeast Asia. 

After the office is established, it will implement investment projects in HCM City and Viet Nam as well. 

The SM Group will focus on goods circulation, maritime transportation, and smart urban development, while expanding cooperation in production and business in Viet Nam, he said.

For his part, Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan urged the Republic of Korea (RoK) SM Group to invest in the city’s latest innovative urban area, particularly in the spheres of transport, telecommunications, and housing for scientists. 

He suggested the group set up joint ventures with local businesses in goods transportation and logistics. 

Mr. Nhan expressed his belief that with its strength in materials, chemicals, energy, construction, and goods transportation, the SM Group would meet the current demands for urban development in HCM City. 

The official informed his guest that the respective innovative urban area is located in the eastern side of city, covering Thu Duc district and Districts 9 and 2. It houses several universities as well as a high-tech zone, which has attracted many domestic and foreign businesses with a total investment capital of more than US$9 billion. 

HCM City will create the best possible conditions for investors from the Republic of Korea to materialisetheir projects in the locality, he pledged. 

                                                                                                                    By Vien Nhu