HCM City to foster production, investment climate

10:43 | 21/02/2016 Economy

The southern Ho Chi Minh City will foster production and improve the investment climate in an attempt to attract financial resources and manpower and encourage a business start-up movement among people in the city.

HCM City to foster production, investment climate

Illustrative image (Source: VNA)

The announcement was made by Chairman of the municipal People’s Committee Nguyen Thanh Phong at a conference held in the city on February 18.

The Chairman said authorised bodies should join hands with enterprises to evade inefficient administrative procedures which could affect the investment climate and businesses.

He said talks between the city’s officials and enterprises should be conducted promptly to solve difficulties for enterprises and investors in order to bolster investment activities and economic development.

In 2016, the city will speed up promotional activities in the fields of commerce, services, tourism and market expansion. It will also target to improve growth quality, and increase its economic effectiveness and competitiveness with a view to developing the domestic market and controlling its consumer price index (CPI).

Vice Chairman of the municipal People’s Committee Le Thanh Liem said the city’s total value of goods during the Lunar New Year (Tet) festival was 16.2 trillion VND (736.3 million USD), up 462 billion VND (21 million USD) compared with the same period in 2015./.

Source: VNA

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