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INVESTMENTOPPORTUNITIES

HCM City lures investment in high-grade trade, service, manufacturing projects

Updated at Tuesday, 07 May 2019, 13:34
The Hanoitimes - The city is committed to creating a favorable investment environment of international standards.
Ho Chi Minh City (HCMC)’s Department of Planning and Investment has published an investment portfolio of high-end trade, service and manufacturing projects that await investment.
The portfolio includes a complex project in District 6 which requires a total investment of  VND16.33 billion (USD$745 million), four other real estate projects in the Thu Thiem urban area, an ornamental exhibition and trading center in Go Vap district and  a commercial and technical support center in the city’s hi-tech park.
 
Ho Chi Minh City is calling for investment in high-grade commercial centers and buildings. Photo by cafef.vn
Ho Chi Minh City is calling for investment in high-grade commercial centers and buildings. Photo by cafef.vn
The city's authority is slated to hold a conference to promote investment on May 8, aiming to boost economic cooperation, attract more investors as well as to show the city’s attractive investment climate, investor –friendly policies and the competitive edges of its workforce.
The conference will also focus on solving difficulties for businesses and investors.
During the event, HCMC would call on foreign and domestic investors to pour money into developing transportation, urban refurbishment and smart city, a local official was quoted as saying.
In addition, foreign enterprises are invited to set up their manufacturing factories at export processing zones and high-tech industrial park in the city.
Chairman of the HCMC People’s Council Nguyen Thanh Phong said the portfolio of 425 available projects will be made public.
The city is committed to creating a favorable investment environment of international standards, Phong said.
2019 is the first year the city deploys its smart city project and creative urban planning with a list of key industries. Therefore, HCMC will target to handle difficulties in project execution and make effort to complete the Metro Line 1 and Line 2 routes by the end of 2020.
HCMC’s other tasks include promoting the selling of state enterprises; implementing its smart urban project associated with administrative reform; completing the harmonious logistics system; fulfilling the city scheme to become the regional financial center; and building a new industrial park of about 300 hectares, among others.
Ha An
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