EU firms keen to invest in HCM City

VOV.VN - EU investors shows their interest in Ho Chi Minh City’s business and investment climate as they have so far poured US$6.45 billion into 1,000 projects in the locality, according to a local official.

EU investment made up more than 12% of the total FDI inflows in the city, said Vo Van Hoan, vice chairman of the municipal government, at the Vietnam - Europe Business Forum held in the city on June 30.

He affirmed that the municipal administration has always created the best conditions possible to facilitate investment by foreign businesses. These efforts will serve to aid the city in simplifying administrative procedures and setting up working group to provide timely support for projects implemented by foreign enterprises.

According to the official, European businesses remain keen to invest in fields such as processing, manufacturing, wholesale and retail, the repair of automobiles, motorcycles and motorbikes, as well as information and communication.

At present, the southern metropolis focuses all of its resources on developing transport, industry, service, agriculture, education and healthcare infrastructure, and European firms are encouraged to get involved in these sectors, he said.

It was also reported as of December 2021, 25 out of 27 EU member states have invested in 2,263 projects capitalised at more than US$22 billion in Vietnam, accounting for 5.5% of the total registered capital in the country.

The majority of investment capital has been poured into fields such as manufacturing and processing, electricity production and distribution, air conditioning, and real estate.

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