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Ho Chi Minh City commits to maximum support to foreign investors

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Ho Chi Minh City leaders commit to expand the field of investment and want international friends and partners to join hands and accompany the city to develop.

On the afternoon of April 14, leaders of Ho Chi Minh City had a meeting with representatives of foreign agencies in the city.

HCM City Party Secretary Nguyen Van Nen (middle) and Ho Chi Minh City People’s Committee Chairman Nguyen Thanh Phong exchange with representatives of foreign agencies. Photo: TL

Expanding many new investment areas

Speaking at the meeting, Ho Chi Minh City People’s Committee Chairman Nguyen Thanh Phong informed that in 2021, the city will expand the field of investment, proposing many comprehensive development plans and projects, of which construction is outstanding. Smart city, financial and development center of Thu Duc city.

He said that these projects aim to improve the working ability, quality of life and sustainability of the city. “I firmly believe that foreign businesses will find here (Ho Chi Minh City and Thu Duc City) a lot of potential and great investment opportunities” – Mr. Phong said.

Thu Duc City will be a Silicon Valley

Regarding the development of Thu Duc city, Mr. Nguyen Thanh Phong informed representatives of foreign agencies that this is of special concern. For this reason, the current labor productivity of the Hi-Tech Park in Thu Duc City is 16.6 times higher than that of the country and 6.6 times higher than that of Ho Chi Minh City. Since then, Phong expects that after 5-10 years, Thu Duc City can contribute 30% to the economy of Ho Chi Minh City, equivalent to 6.6% of Vietnam’s GDP.

The head of the Ho Chi Minh City government added that the city is currently researching to build a specific mechanism for Thu Duc City with the expectation of building this place into a high-tech commercial urban area, similar to Silicon Valley. of America.

On the smart city project, Mr. Phong said that he would build four main centers (pillars). In particular, with shared data warehouses and developing open data ecosystems, the city is in need of intelligent or artificial intelligence solutions to analyze collected data, serve decision making and the administration of the city government. With the center of socio-economic forecasting simulation, the city is calling for investment in two areas: Construction of facilities, equipment to update advances in science and technology and human development …

Regarding the project to build a financial center, Phong said when the center is formed, it will allow the city to keep pace with trends in the era of comprehensive globalization in investment, commerce, finance and technology. .

Therefore, he wishes to seek additional external support resources in training human resources in financial technology; consulting on legal and regulatory frameworks for the development of financial centers; developing financial technology infrastructure in Thu Thiem urban area … Along with that, he also wants to support connecting the city with world financial centers.

Maximum support for investors

At the meeting, representatives of consular offices, economic – commercial – cultural offices, international organizations in the city raised many exchange issues such as when Vietnam plans to open tourism again. again, Vietnam’s vaccination plan.

For Ho Chi Minh City alone, they propose to have a private working trip with Thu Duc City to learn about projects in this new city. At the same time looking forward to more information about foreign investment support in the city.

Talking back, Chairman of the City People’s Committee Nguyen Thanh Phong said that the city currently has a cooperation agreement and cooperation agreement with 57 localities of the countries in which Vietnam has diplomatic relations.

One of the contents that many foreign diplomatic agencies are interested in is to find out about investment in Thu Duc City. Mr. Phong informed that the city had built a table about Thu Duc city to introduce eight creative points of this city. This is one of the places where investors can learn about investment.

Besides, Mr. Phong also shared a number of policies to support the development of auxiliary technology, foreign small businesses investing in the city. At the same time, he said that in order to support the fastest possible procedures for investors, the city has established an investment working group and a working group for external relations and international integration.

Therefore, he wants international friends and partners to join hands and accompany the city to complete the set goals. This will be an opportunity for investment cooperation to make Thu Duc City soon become a highly interactive, creative urban area in the shortest time.

Ho Chi Minh City: High goals, great aspirations for the mighty country

Speaking at the meeting, Member of the Politburo, Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen affirmed that in the periods, the city development always has your companionship, sharing, support and help. international friends. He is grateful for that contribution.

Answering the question of a representative of a foreign agency about the development of Ho Chi Minh City, Mr. Nguyen Van Nen affirmed that economic development is associated with environmental protection, definitely not exchanging environment for development. economy.

According to Mr. Nen, the foreign policy of Ho Chi Minh City is not exclusive, but is according to the general foreign policy of Vietnam. But Ho Chi Minh City is always for the whole country, the same country and has ambitions and aspirations to match the leading economic role of the country.

Regarding the question of whether the aspiration raised by Ho Chi Minh City is too high, Mr. Should affirmed: “We have relatively high requirements, objectives and tasks, along with activating people to make efforts to fulfill their thirst. hope. During the war, we used the desire to unify the country to sacrifice, but now we use the desire to turn the country into a mighty country to strive ”.