HCM City leaders dialogue with foreign enterprises
(VOV) - The Investment and Trade Promotion Centre in Ho Chi Minh City (ITPC) on November 20 hosted a dialogue among city officials, representatives of foreign invested enterprises and other interested parties aimed at improving the business environment.
A number of foreign-invested enterprises reported the period for obtaining investment licenses has been shortened. However, a few complained cumbersome formalities have resulted in unnecessary costs and urged the city to continue to streamline policies.
Nicola Connolly, the European Chamber of Commerce in Vietnam (Eurocham) chairwoman, said a common obstacle faced by EuroCham members is the lack of transparency.
She applauded the local authorities’ efforts to attract new FDI enterprises and support the investment process as well as improving formalities to facilitate companies’ operations.
In the first ten months of the year, HCM City has taken the lead in the country in attracting foreign investment with registered foreign capital investment of US$2.9 billion in 340 projects, which includes a US$1.4 billion Samsung group project.