Effective solutions have helped boost foreign investment in HCMC.
Nhan Dan Online – Foreign direct investment (FDI) pledges in Ho Chi Minh City reached more than US$1 billion in the first half of 2014, a surge of 202% over the previous year, the municipal government reported.
Municipal authorities said that new investment licences were granted to 169 projects with a total capital of US$967 million, up 423% year on year. Another US$100 million was pledged to 53 current projects.
According to the HCMC Export Processing and Industrial Zones Authority (HEPZA), the premium garment sector accounted for more than 82% of investment pledges in the first six months of 2014.
HEPZA said many large garment companies chose to invest in Vietnam and HCMC in particular in anticipation of higher growth in the global garment market and the signing of the Trans-Pacific Partnership trade agreement.
Growth in HCMC’s FDI attraction showed that the city’s measures to create favourable conditions and remove difficulties for foreign investors were producing a positive effect.
For enterprises hit by public disturbances triggered by protests against China, the city immediately implemented a wide range of measures to help them resume production as well as restore foreign investor confidence in the local business environment.
Foreign investors said they highly valued the municipal authorities’ timely action and they still considered HCMC a safe and stable destination for their businesses.
Đăng ký: VietNam News
