HCM City commits to facilitating foreign investors

VGP – Ho Chi Minh City commits to guaranteeing socio-political stability, strengthening the realization of signed Free Trade Agreements, hastening administrative reform, and creating an open investment environment to attract more foreign investment.

February 11, 2015 4:00 PM GMT+7

Chairman of the municipal People’s Committee Le Hoang Quan made that statement at a Tet meeting with representatives of foreign representative agencies on February 10.

He highlighted the foreign organizations' crucial contributions to the development of the city and their roles as the bridge between the city and the international community.

By investing in key infrastructure facilities and developing completed infrastructure systems and industrial parks, the city helped foreign investors to launch their projects effectively, said John Mc Anulty Australian Consul General to Viet Nam in Ho Chi Minh City.

In 2014, the city’s GRDP reached 9.6% and the export and import turnover hit US$32 billion and US$30.7 billion, respectively.

As many as 5,331 foreign direct investment projects, worth US$36.6 billion have been carried out in the city, creating more than 550,000 jobs. In 2014 only, the city attracted US$3.2 billion in 595 foreign projects.

By Thuy Dung