HCM City promotes cooperation with foreign partners

Ho Chi Minh City treasures and wants to continue receiving support from international partners during its development process, Secretary of the municipal Party Committee Nguyen Van Nen has said.
April 15, 2021 | 09:33
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Nen made the statement on April 14 at a meeting with nearly 40 Consuls General, Honorary Consuls, and leaders of international organizations and economic-cultural offices of countries in the city.

He stressed that generations of leaders of HCM City have affirmed that all successes of the city are associated with the companionship, support, and sharing of international friends.

The city’s development stance is stepping up economic development in line with environmental protection and not trading the environment for economic development, he said, adding that the city will do its best to become a city for the whole country, and with the whole country.

HCM City promotes cooperation with foreign partners

Secretary of the HCM City Party Committee Nguyen Van Nen (second, left) shakes hands with Carel Richter, Dutch Consul General and Head of the Consular Corps in HCM City. Photo: VNA

Sharing information about the city’s development orientations, especially smart city projects, building a National Financial Centre and developing Thu Duc city, Chairman of the municipal People’s Committee Nguyen Thanh Phong emphasized that, besides internal efforts and resources, the city wants to receive support from international partners to complete the set targets.

Phong highly valued proposals on orientations for developing cooperation between international partners and HCM City in the future, expressing his belief that with the determination of the city and the enthusiastic cooperation of international partners, HCM City will develop, deserving the role of the economic driver of Vietnam, and a friendly destination of international friends, Vietnamplus reported.

HCM City promotes cooperation with foreign partners

Overview of the meeting. Photo: Zing News

Carel Richter, Dutch Consul General and Head of the Consular Corps in HCM City highlighted the significance of the meeting and congratulated HCM City on important achievements in COVID-19 prevention and socio-economic development, as well as in foreign investment attraction.

HCM City promotes cooperation with foreign partners

Delegates pose for a group photo. Photo: Zing News

He affirmed that the Consular Corps wants and is ready to continue joining hands to contribute to HCM City’s development, thus further strengthening and developing cooperation relations between foreign countries and Vietnam.

The municipal relevant departments and sectors updated participants on the city’s recent socio-economic development, and its development plans and projects in the coming time.

Participants discussed issues related to COVID-19 prevention, activities to promote cooperation between HCM City and foreign localities, investment cooperation projects in basic construction, financial support for development, development of supporting industries and smart cities, and sustainable development as well.

Ho Chi Minh City recorded $337.8 million of foreign investment registered during the first two months of 2021, equivalent to 70.3 percent of the figure in the same period last year.

Real estate attracted most of the sum, $145.1 million or 43 percent of the total. It was followed by science - technology ($57.5 million, 17 percent) and processing - manufacturing industry ($41 million, 12.1 percent), the municipal Department of Planning and Investment said.

The southern economic hub lured only three new foreign investment projects worth $115 million in January and February, it said, citing complex developments of the COVID-19 pandemic around the world as the reason.

Up to 99.7 percent of the new capital was channeled into real estate, with 29.6 percent from Singapore and 70.1 percent from the Netherlands.

From the year’s beginning to February 20, HCM City saw 22 existing projects have $53.3 million added to their registered capital.

Foreign investors also spent $169.5 million on capital contributions to or share purchase in local firms during the time, data showed.

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