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Vietnam Today

HCMC smoothes way for Japanese investment

Released at: 21:39, 05/04/2016

HCMC smoothes way for Japanese investment

The Ben Thanh – Suoi Tien urban railway project in HCMC funded by Japan

Southern hub considering a "one-stop shop" to cater to anticipated surge in investment.

A new wave of Japanese investment is forecast to arrive in Ho Chi Minh City, Mr. Vo Van Hoan, Chief of the City’s People’s Committee office, told a press conference on April 4.

To assist future capital flows the top priority will be overhauling administrative procedures, he went on, and research is underway to establish a trade promotion center supporting investors as a “one-stop-shop”.

Other tasks include promoting the role of business associations, boosting the performance of promotion agencies and encouraging startups.

Japan has invested in 828 projects in the southern hub to date, with total registered capital of approximately $2.7 billion.

The city has so far received around $3 billion worth of Japanese official development assistance (ODA) in eight local projects.

During a recent visit to Japan a delegation from Ho Chi Minh City asked for additional ODA for environmental and urban railway projects.

Source: VNA

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