HCM City works on facilitating foreign capital influx


HCM City: Ho Chi Minh City authorities have freshly assigned tasks of stimulating foreign investment attraction, with the municipal Department of Information and Communications asked to suggest measures drawing tech firms into local software and semiconductors sectors.

The Department of Planning and Investment, meanwhile, is tasked with joining the implementation of steps to attract direct foreign capital and making recommendations of selective criteria for foreign-funded projects in the southern economic hub.

The Department of Industry and Trade is set to propose policies assisting the development of potential supporting industries, while the Department of Natural Resources and Environment comes up with ways to tackle shortcomings for effective use of land sources.

Human resources preparations, tax policy recommendations, trade promotion, and business climate improvement are also among the key tasks assigned to relevant departments, agencies, and units.

In 2023, the metropolis posted nearly 5.9 billion U
SD worth of foreign direct investment, up nearly 50% year-on-year./.

Source: Vietnam News Agency

  • malaysiang

    Related Posts

    MIHAS To Make Dubai Global Debut In November, Targets Rm1 Bln Sales – Tengku Zafrul

    KUALA LUMPUR, The Nov 18-20 Malaysia International Halal Showcase (MIHAS) will make its international debut at MIHAS@Dubai with an export sales target of RM1 billion.

    Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said M…

    National Single Window Initiative Will Boost Malaysia-China Trade — MITI

    KUALA LUMPUR, The Investment, Trade and Industry Ministry (MITI) is confident that Malaysia’s single window trade initiative, to harmonise with China’s customs system, will facilitate business and trade operations by reducing red tape, coordinate and…