HCM City works on facilitating foreign capital influx
Ho Chi Minh City authorities have freshly assigned tasks of stimulating foreign investment attraction, with the municipal Department of Information and Communications asked to suggest measures drawing tech firms into local software and semiconductors sectors.
In 2023, the metropolis posted nearly 5.9 billion USD worth of foreign direct investment, up nearly 50% year-on-year. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City authoritieshave freshly assigned tasks of stimulating foreign investment attraction, withthe municipal Department of Information and Communications asked to suggestmeasures drawing tech firms into local software and semiconductors sectors.
The Department of Planning and Investment, meanwhile, istasked with joining the implementation of steps to attract direct foreign capitaland making recommendations of selective criteria for foreign-funded projects inthe southern economic hub.
The Department of Industry and Trade is set to proposepolicies assisting the development of potential supporting industries, whilethe Department of Natural Resources and Environment comes up with ways totackle shortcomings for effective use of land sources.
Human resources preparations, tax policy recommendations, tradepromotion, and business climate improvement are also among the key tasks assignedto relevant departments, agencies, and units.
In 2023, the metropolis posted nearly 5.9 billion USD worthof foreign direct investment, up nearly 50% year-on-year./.
Money sent from Asian countries made up 50% of the total overseas remittances to Ho Chi Minh City last year, Vietnam’s largest economic hub, a massive 144% spike year-on-year.
The People’s Committee of Ho Chi Minh City has issued a plan to implement policies supporting innovative startup projects in the city in the 2024-2028 period, which is expected to benefit nearly 2,000 projects.
Ho Chi Minh City's Saigon Hi-Tech Park (SHTP) and Siemens Electronic Design Automation (Siemens EDA), a segment of Siemens Digital Industries Software, on February 27 signed a memorandum of understanding (MoU) on cooperation in personnel training in the semiconductor chip industry in Vietnam.
Ho Chi Minh City's tourism industry has recorded positive signs as many international travelers have chosen the metropolis as part of their journeys in early 2024.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.
Prime Minister Pham Minh Chinh affirmed that science, technology, innovation, digital transformation, green transition, and circular economy are offering limitless opportunities for bilateral collaboration.
The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
In 2023, the metropolis posted nearly 5.9 billion USD worth of foreign direct investment, up nearly 50% year-on-year. (Photo: VNA) 
