HCMC – a potential investment destination for US investors - HCMC – a potential investment destination for US investors - Website Ho Chi Minh City
On March 7, Vice Chairman of HCMC People’s Committee Le Thanh Liem together with leaders of relevant departments and agencies organized a periodical dialogue with AMCHAM Vietnam
At the meeting, Deputy Director of HCMC Department of Planning and Investment Le Thi Huynh Mai reported about foreign investment situation in HCMC in 2015. Accordingly, the city has attracted 595 new-registered projects worth US$ 3 billion. Besides, nearly 192 projects increased their registered capital by a total amount of US$ 1, 47 billion.
In order to make it attractive to foreign investors, HCMC has continuously supported or created favorable conditions for investors through strengthening administrative reform, setting up two timer services to solve dossiers through 1080 switchboard; pilot services through supporting foreign investors to compose free of charge business registration documents at the spot, launching online investment registration services, connecting business registration procedures of new-registered investment project with business establishment procedures, delivering dossier results of issuance of investment registration certificate by post.
HCMC is calling for investment in nine groups of service and four key industries, of which the city gives priority to projects including reduction of traffic congestion, reduction of traffic accidents, anti-flooding, environmental pollution, urban development, etc.
Mrs. Rena Bitter – US Consul General in HCMC – noted that Vietnam in general and HCMC in particular is now a potential investment destination for foreign investors, especially for US investors. She said that regarding to projects that HCMC is calling for investment; the city should give more information in details. At the same time, leaders of both sides need to strengthen information exchange, to seek common solutions related to existed barriers to help US investors feel assured when they decide to invest in HCMC.
Speaking at the meeting, Mr. Le Thanh Liem affirmed that Vietnam-US relation has been in the best ever developed stage. Especially, the signed TPP is an important milestone and a momentum for a deeper development of Vietnam-US relation.
Regarding to role of AMCHAM, Mr. Liem stressed that AMCHAM and US business community in HCMC have partly contributed to the strongly socio-economic growth of HCMC. With TPP, the city is expecting to receive a new US investor inflow in the coming time.
On behalf of HCMC’s authority, Mr. Liem affirmed that HCMC is willing to support, accompany and remove any difficulty or barrier for investors, continuously reforming administrative procedures, completing its investment environment to create peace of mind for foreign investors including US investors.
At the sideline, leaders of related Departments and Agencies of HCMC has briefly introduced investment policies and procedures in some fields that may attract attention of US investors, briefing administrative procedures, investment environment, tax procedures, etc.