HCMC welcomes European investments

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.

By My Hanh – Translated by Hai Mien

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