HCM City lures 122 OVs-invested projects

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Báo Đầu Tư English - 43 month(s) ago 8 readings

HCM City lures 122 OVs-invested projects

Ho Chi Minh City has so far licensed 122 overseas Vietnamese-invested projects with a combined capital of $260.4 million.

Ho Chi Minh city - illustration photo

More than 90 per cent of OV investments focus on processing and manufacturing industry, real estate business and information and communications. The remaining capital was poured into healthcare, education, science-technology, construction, transport, warehouses, wholesale and retail sale, arts and entertainment.

According to the municipal People’s Committee, there are an increasing number of OVs returning home to invest in different sectors’ business and production.

To remove existing difficulties for OVs-invested businesses, HCM City has recently proposed preferential policies for OVs without Vietnamese citizenship to invest in the homeland in accordance with the Politburo’s Resolution on OVs affairs.

The city said it would continue with administrative, land, customs and taxation procedures reform.

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