Ho Chi Minh City International Financial Center is attracting strong interest from major financial corporations in the world.
Breakthrough mechanism to attract strategic investment in Ho Chi Minh City
On the afternoon of November 27 in Hanoi , the Central Policy and Strategy Committee and the Ho Chi Minh City Party Committee - People's Council - People's Committee co-organized a workshop on specific mechanisms and policies to attract strategic investors to Ho Chi Minh City in the new period. The workshop took place in the context of the National Assembly considering amending and supplementing Resolution No. 98 with many new policies for the city, including policies to attract strategic investors.
In his opening speech, Chairman Nguyen Thanh Nghi emphasized that Ho Chi Minh City plays a key role in growth, contributing more than 23% of the country's GDP, but still faces many bottlenecks in institutions and investment attraction. Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc said that although Resolution 98 has created a breakthrough framework, the city has not attracted any strategic investors in the past two years due to the narrow priority list, complicated procedures and uncompetitive incentives. The city proposed five new policy groups, including expanding priority areas, simplifying investor selection, increasing incentives and shortening the planning process.
Experts attending the workshop proposed many breakthrough mechanisms, promoting empowerment for Ho Chi Minh City, establishing innovation zones and free trade zones according to international standards to compete to attract global corporations. Concluding the workshop, the organizing committee said that they would synthesize recommendations to serve the process of amending Resolution 98, aiming to create outstanding mechanisms for Ho Chi Minh City to make a breakthrough.
Ho Chi Minh City People's Committee said it is urgently completing the best conditions to be ready to operate the National Financial Center in December.
Ho Chi Minh City International Financial Center attracts nearly 30 large corporations
The Ho Chi Minh City People's Committee said it is urgently completing the best conditions to be ready to operate the National Financial Center in December this year. Up to now, the center is attracting strong interest from large financial groups in the world, with nearly 30 businesses registering to participate from the first stage.
Ho Chi Minh City leaders also pledged to continue promoting administrative reforms, cutting unnecessary procedures, and improving the quality of government services for investors and businesses. Committed to continuing to strengthen the connection between the private sector, state-owned enterprises and FDI enterprises through calling for and attracting investment. Currently, the City is coordinating with Nasdaq Finance - the co-developer of the center to build a modern, open and integrated financial ecosystem, contributing to improving management capacity, expanding the connection of Vietnam's capital market with the international market and attracting high-quality capital flows into the fields of finance - technology - innovation.
Source: https://vtv.vn/trung-tam-tai-chinh-quoc-te-tp-ho-chi-minh-thu-hut-gan-30-tap-doan-lon-100251128092031537.htm
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