City chairman encourages businesses to take initiative in investment attraction

Ho Chi Minh City People’s Committee Chairman Le Hoang Quan proposed industrial and export processing zones to grasp opportunities and wait in front of new investment waves on July 30.

HCMC chairman Le Hoang Quan (File Photo: SGGP)

It was an important factor to make preparations for investment attraction, he said at a meeting with the HCMC Export Processing and Industrial Zone Authority (Hepza).

Chairman Quan asked exporting processing and industrial zone infrastructure development companies to improve services for investors, connect businesses in the zones with authorized agencies to renovate equipment, improve  their product quality and competitiveness.

The zones should transfer economic structure, link domestic with foreign companies to catch market demand and assist development of support industry.

Deputy Head of Hepza management board Nguyen Bach Hoang Phung reported at the meeting that they lured US$333.47 million of investment capital in the first seven months this year, accounting for 60.63 percent of its plan and up 55.49 percent over the same period last year.

By Giang Dinh – Translated by Hai Mien

Other news