Mar 4, 2015. The Ho Chi Minh City administration has promised to employ a series of measures to help foreign investors with more streamlined formalities. The southern Vietnamese hub will “do its best” to improve the investment environment, Party Secretary Le Thanh Hai told foreign investors during a meeting on Wednesday, Mar 4. To this end, the city will continue its administrative simplification process, holding more meetings to listen to investors, and issuing policies to facilitate businesses, Mr. Le Thanh Hai said.
“Thanks to your strong support and attachment of business associations, investors and entrepreneurs to us, Ho Chi Minh City leads the country in attracting foreign direct investment (FDI). By the end of 2014, there have been over 5,300 operational FDI projects in the city, with a total investment capital (including new and additional investments) of over USD36 billion, making jobs for 22% of the labor force in Ho Chi Minh City.
“A message the Leaders of the City would like to send to you is that Ho Chi Minh city authorities will make their every effort to improve the investment environment, so that the City becomes a potential destination, a believable, favorable, successful spot for investors. The Ho Chi Minh City Authorities consider troubles facing businesses as the ones facing themselves; as a result, they will accompany with entrepreneurs, try to tackle business problems to meet better the demands for infrastructure, social platform, human resources, a fair, transparent, and efficient business environment for investors and entrepreneurs.
“With that spirit, we focus on the following tasks:
Firstly, further reform administrative procedures, with e-government; a “service attitude” officials to reduce time for all administrative procedures, including licenses, investment certificates, taxes, customs, labor management, social insurance; land, planning and construction.
“Secondly, increase the frequency of business-government meetings to listen and resolve difficulties facing investors and entrepreneurs promptly, continuous improvement of the business environment to make laws and regulations fair, transparent, and efficient.
“Thirdly, agencies will actively seek out proposals and summit them to Party Committee and People’s Committee which in turn will request the Central Government to enforce the most favorable policies for enterprises, including foreign invested enterprises, to expand their production and business.”
“Regarding FDI enterprises, I hope you will put more efforts to increase your production, expand business; and work to integrate domestic firms into your supply chains. If you face any difficulty or problem, please contact promptly the City’s leaders and related departments so that they can offer timely solutions.”
Read more …
Ho Chi Minh City leaders committed to cutting red tape to aid foreign investors, Tuoi Tre, Mar 5, 2015
Concluding remarks by Mr. Le Thanh Hai, Member of the Politburo, Secretary of the HCM City Party, Mar 4, 2015