HCM City calls for EU investment in nearly 200 projects
Ho Chi Minh City is calling for investment into 197 projects in ten key areas, including infrastructure development, agriculture, industry, trade and services, healthcare, tourism, education and housing, an official told the Vietnam – Europe Business Forum in the southern largest economic hub on June 30.
The Vietnam – Europe Business Forum takes place in HCM City on June 30. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City is calling forinvestment into 197 projects in ten key areas, including infrastructuredevelopment, agriculture, industry, trade and services, healthcare, tourism,education and housing, an official told the Vietnam – Europe Business Forum in thesouthern largest economic hub on June 30.
Dao Minh Chanh, Deputy Director of the municipal Departmentof Planning and Investment, said EU countries are investing in 2,724 projects in HCM City,mostly in the fields of manufacturing and processing, retaile andwholesale, motor and automobile repair and maintenance, and information and communications. Worth a total of 7.69 billion USD, they account for 10.27% of FDIin the city, he said.
HCM City has constantly improved its business climate andadopted various incentives to encourage more FDI, he said, addingthat most notably among the incentives include reductions in corporate incometax, import-export duties and land lease.
Vo Van Hoan, Vice Chairman of the municipal People’sCommittee, highlighted the importance of the EU-Vietnam Free Trade Agreement(EVFTA) which has entered into force, saying it has brought great and balancedbenefits to both sides and there is a huge opportunity for Vietnam and the EUto step up bilateral economic cooperation.
With the EU’s technical and financial support, many projectsin urban transport, agriculture, climate change mitigation and others have beenimplemented in HCM City, contributing to the development of the city andVietnam at large, Hoan noted.
Philipp Rosler, head of the EU business delegation, spoke highly of Vietnam’s robust growth, noting that there has been a huge volume ofsearch for information and opportunities in trade and investment in Vietnamfrom European enterprises.
EU firms are particularly interested in production, R&Dand innovation projects in HCM City, which will not only help the two sidesmake the most of the EVFTA but also give EU companies access to other majormarkets in Southeast Asia and Asia, he added./.
Vietnam’s export value to the European Union (EU) grew further in the first five months of this year, with a trade surplus of 13.4 billion USD, up nearly 47 percent, thanks to their bilateral free trade agreement.
Ambassador Nguyen Van Thao, Permanent Representative of Vietnam to the EU, has met with EU Commissioner for Agriculture Janusz Wojciechowski to discuss ways for fostering agricultural cooperation between the two sides.
Vietnam has many more opportunities to increase export of fruits and vegetables to the European Union - the world's largest market, thanks to tariff incentives brought by the EU-Vietnam Free Trade Agreement (EVFTA), according to analysts.
Ambassador Pier Giorgio Aliberti, Head of the European Union (EU) Delegation to Vietnam, on June 9 had a working session with representatives of the People's Committee of Binh Duong to discuss investment opportunities in the southern province, especially in hi-technology and green industry development and environmental protection.
A Vietnamese Party delegation attended the 4th Asia-Europe Political Forum (AEPF) and the 37th meeting of the International Conference of Asian Political Parties (ICAPP), which took place in the Czech Republic from June 10-12.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
The Vietnam – Europe Business Forum takes place in HCM City on June 30. (Photo: VNA)
