HCMC to Give Best Conditions to Foreign Investors

Ho Chi Minh City's authorities will provide foreign investors with the best conditions to establish and develop their businesses in the city, said Mr. Nguyen Trung Tin, Deputy Chairman of the HCMC People’s Committee in a conference on foreign investment into Viet Nam yesterday.

Workers in the HCMC high-tech zone

Mr. Tin went on to say that the city encourages foreign investors to give top priority to the development of infrastructure, new urban areas, service sectors including finance, tourism, export, healthcare, education, telecommunication, insurance and many other areas.

This two-day conference had in attendance more than 100 representatives from banks, investment funds and businesses in Viet Nam and abroad. The participants were given the latest information on the economic development of Viet Nam.

They were also shown that Viet Nam is an attractive investment destination for foreign investors, especially in finance, information technology, real estate, the industrial sector and service sector.

The conference was held by the VinaCapital Fund Management Company, the HCMC Investment and Trade Promotion Center and the Vina Securities Joint Stock Company.

Currently there are 61 foreign investors waiting to begin their investment projects in HCMC within the high-tech zone. These are estimated to be worth about US$813 million.

Up until now, the HCMC high-tech zone has licensed dozens of investment projects by 27 domestic and foreign investors with a total investment capital of US$1,403 million. So this future investment will provide great opportunity for the city.

By Staff Writers – Translated by Khanh Hong

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