Ho Chi Minh City will do its best to create advantageous conditions for Foreign Direct Investment including European investors, said Chairman of the City People’s Committee Le Hoang Quan during a meeting with the European Chamber of Commerce on February 21.
|Le Hoang Quan, chairman of HCMC People’s Committee states at the meeting (Photo: VNA)|
Chairman Quan expressed appreciation for the contribution of European companies aiding Vietnam’s economic development.
HCMC licensed 4,924 FDI projects from 1988 to 2013 registering a capital of US$33.5 billion. Of these projects, 594 projects are from European companies. This number does not include projects that companies have implemented at their subsidiaries and branches in Vietnam.