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HCM City calls on US firms to boost investment

Ho Chi Minh City is prioritising foreign investment into projects on urban infrastructure and environment treatment, said Permanent Vice Chairman of the municipal People’s Committee Le Thanh Liem on December 13.
HCM City calls on US firms to boost investment ảnh 1Permanent Vice Chairman of the HCM City People’s Committee Le Thanh Liem speaks at the sesion (Photo: VNA)

Ho Chi Minh City (VNA)
– Ho Chi Minh City is prioritisingforeign investment into projects on urban infrastructure and environment treatment,said Permanent Vice Chairman of the municipal People’s Committee Le Thanh Liemon December 13.

At a working session with representatives of the AmericanChamber of Commerce in Vietnam, the official further said authorities of thesouthern hub also hope the US business community will take an active part ininvesting in and providing technical support for the city.

Liem elaborated that HCM City authorities are prioritising foreigninvestment into projects on smart city, innovative city, waste and effluenttreatment, and urban infrastructure, and asked the US business community tocontribute ideas to the acceleration of the relations between the city and theUS.

For her part, Chairwoman of the chamber Amanda Rasussen saidher organisation’s members highly value efforts by the municipal authorities inrenovating the management methods and reforming administrative procedures,adding that they hope to help the city solve urban issues.

At the session, representatives of the US firms held thatHCM city is very attractive to many investors, including those from the US, andproposed that municipal authorities should prioritise the upgrade andcompletion of the transport infrastructure.

As for the waste treatment, they said they can providehigh-tech services but the city needs to work out and apply effective measuresto classify wastes right at the source. Besides, they also hoped for a clear,transparent and open legal system to facilitate foreign investors./.
VNA

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