HCMC leaders meet foreign representatives

Despite the difficulties caused by the global economic crisis, GDP in Ho Chi Minh city increases 9.2% in 2012

Despite the difficulties caused by the global economic crisis, GDP in Ho Chi Minh City last year increased 9.2% to reach nearly VND592 trillion, accounting for 20.1% of the country’s GDP. The city has put into use many important infrastructure projects, by which the city’s traffic and view have improved.

Regarding foreign investment, the city attracted 436 open projects with more than US$593 million and 122 capital-increased projects with US$788 million.

Ho Chi Minh City is also Viet Nam’s important gateway to the world with 42 diplomatic representative offices and foreign organizations. In 2012, the city received 167 international delegations and five navy ships from other countries.

At the ceremony, Chairman of the People’s Committee Le Hoang Quan thanked the foreign community for their active contribution to the development of Viet Nam in general and Ho Chi Minh City in particular, saying that their cooperation and support had helped the city to achieve planned economic and social targets as well as raise its role in the region and the world.

The German Consul General, Conrad Cappel, said that Ho Chi Minh City was a dynamic city which always tries to improve itself and reach the target of being a worth-living city as well as the most developed city in Asia.

He also highly evaluated Ho Chi Minh City for having clear and attractive policies on public-private partnership (PPP) to push up the completion of infrastructure, which had helped increase foreign investment.

By Ngoc Van