HCM City working group to assist investors - HCM City working group to assist investors - Website Ho Chi Minh City
Ho Chi Minh City has agreed to set up a working group to help investors navigate regulations and tweak policies where needed as part of efforts to ensure it can achieve the industrial growth target of 7.8 – 8.2 percent this year.
The group will deal with investment projects coming within the jurisdiction of the city administration, studying investment proposals, ensuring projects can begin, and coming up with solutions to problems.
It will be led by the chairman of the city People’s Committee, Nguyen Thanh Phong, and the members will include the chairpersons of several departments such as planning and investment, construction and finance.
As for projects that come under the authority of the city People’s Council or the Government -- such as nuclear power plants -- the group will petition the People’s Committee to seek approval.
The city plans to introduce more policies to aid the industrial sector, work with business groups to identify businesses’ needs and allow businesses to have a say when investing in infrastructure.