Since the beginning of the year, HCMC has had positive signals in attracting foreign direct investment (FDI). Mr. Su Ngoc Anh, Director of the Department of Planning and Investment of Ho Chi Minh City, said that in the first eight months of 2017, FDI into the city has grown, with a total investment of more than 3.23 billion, 57 times over the same period last year. Happily, it is not only have quantitative increases, but in recent times, there are signs that quality moves in FDI attraction are more sustainable and there are major projects in areas where the city encourages investment.

For example, in May this year, CJ Food Cau Tre Joint Stock Company (South Korea) was licensed to invest in the Hiep Phuoc Industrial Park, with an investment of $ 53.3 million. This is a complex of food processing on an area of 7.1 ha, including items such as food processing plant, research and development center, modern food safety center…

According to Nguyen Tan Phuoc, deputy head of the management board of export processing zones (Hepza), with the licensing of CJ Cau Tre project and through investment promotion, plans to attract Capital investment of $500 million this year is feasible. However, although the City has planned industrial parks suitable for attracting projects in four key industries (mechanical engineering, electronics, chemicals – rubber – plastics and food processing food) and there are many solutions to support investors, but the results have not met expectations.

Also according to the head of the HCM City government, to find a way to 4 major industries developed. Accordingly, the Department of Planning and Investment, the Department of Finance should review unnecessary procedures for unlawful costs. At the same time, city leaders will work with the tax, banking and industry, construction to find specific solutions so that in the remaining time of 2017 accelerate disbursement, speed up the development of industries.

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