A new wave of Japanese investment is forecast to emerge in Ho Chi Minh City, Vo Van Hoan, Chief of the municipal People's Committee office, said during a press conference on April 4.
The Ben Thanh - Suoi Tien urban railway project in Ho Chi Minh City is funded by Japan (Photo:dangcongsan.vn)
HCM City (VNA) – A new wave of Japanese investment is forecast to emerge in Ho Chi൲ Minh City, Vo Van Hoan, Chief of the municipal People's Committee office, said during a press conference on April 4.
To assist the future capital flow, overhauling administrative procedures is the top priority, Hoan noted.
He said research is underway to establish a trade promotion centre supporting investors based on the application of the one-stop-shop mechanism.
According to the official, other tasks include promoting the role of business associations, boosting the performance of promotion agencies and encouraging start-ups.
Japan has thus far invested in 828 projects in the southern hub, with the total registered capital reaching approximately 2.7 billion USD.
The city has received 3 billion USD worth of Japanese official development assistance (ODA) for eight local projects.
In a recent visit to Japan, a delegation from Ho Chi Minh City asked for additional ODA to be granted to its environmental and metro projects.-VNA
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Hanoi will continue speeding up administrative reforms, and synchronising policies and mechanisms to facilitate operations of Japanese enterprises in the locality.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
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The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
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Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
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The Ben Thanh - Suoi Tien urban railway project in Ho Chi Minh City is funded by Japan (Photo:dangcongsan.vn)
