HCM City has granted investment licenses to 5 foreign-invested projects, with a total capital of US$220 million. The newly registered and additional investment came from businesses in Japan, Germany and Hong Kong. At a ceremony to issue the licenses on Saturday, Chairman of the Municipal People's Committee Le Hoa
HCM City has granted investment licenses to 5 foreign-invested projects, with a total capital of US$220 million.
The newly registered and additional investment came from businesses in Japan, Germany and Hong Kong.
At a ceremony to issue the licenses on Saturday, Chairman of the Municipal People's Committee Le Hoang Quan noted that this investment is an indication of the confidence that foreign investors have in the city's investment climate as well as their commitment to conducting long-term business here.
In the coming period, the city will continue adopting measures to ensure transparency in administrative procedures and security for investors, while providing further assistance through the availability of an adequate infrastructure and human resource training, he added.
Since the beginning of this year, HCM City has provided investment permits for 169 new foreign-invested projects with total registered capital of $967 million, according to the municipal Department of Planning and Investment.
Besides this, some $110 million has been added to 53 operational projects, bringing the total foreign investment inflow into the city in the reviewed period to nearly $1.08 billion, doubling the figure from the same period last year.