Chairman of the HCM City People’s Committee Nguyen Thanh Phong has told an executive of Las Vegas Sand Corp. that he expects more US firms will run long-term business and investment in his city.
Chairman Nguyen Thanh Phong (third, right) and George Tanasijevich (third, left) and other officials pose for a photo (Photo: VNA)
HCM City (VNA) – Chairman of the Ho Chi Minh City People’s Committee NguyenThanh Phong has told an executive of Las Vegas Sand Corp. that he expects moreUS firms will run long-term business and investment in his city.
At ameeting on November 25 with George Tanasijevich, Managing Director of GlobalDevelopment at Las Vegas Sand, Phong highly valued the corporation’s capacityin tourism complex development.
He saidHCM City wants to diversify types of tourism, including MICE (meetings, incentives, conferences, and events),so as to fully tap its potential and advantages in tourism which is defined asa key industry in the city.
The UScurrently ranks 12th among 79 countries and territories investing inthe southern metropolis of Vietnam. That position is still modest compared tothe potential and aspiration of both sides, he noted.
AppreciatingLas Vegas Sand’s proposal to build a tourism complex project in HCM City, themunicipal leader pledged the best possible conditions for the group to investin the city. However, the two sides need more time to look into each other’srequirements which should be in line with local conditions and Vietnam’spolicies.
GeorgeTanasijevich said his firm’s project will include hotels, theatres, cinemas andfacilities hosting meetings, exhibitions and big events that will attractentrepreneurs and high-end tourists. He hopes it can contribute to thedevelopment of local tourism industry.
He saidhe is impressed with the 5 million foreigners visiting HCM City in 2015, addingthat if the project is carried out, the number of foreign arrivals to the city willstrongly increase, thus creating more jobs and helping to spur local economicgrowth.-VNA
Prospects for cooperation in economics and education between Vietnam and the US following the Trans-Pacific Partnership (TPP) agreement were highlighted at a workshop in Ho Chi Minh City on January 14
PM Nguyen Xuan Phuc has expressed his hope that US companies operating in Vietnam will reap more successes and pledged all possible conditions for foreign investors, including those from the US.
US enterprises are considering Vietnam as a priority market in the ASEAN region for their business and investment expansion in 2017, according to he 2017 ASEAN Business Outlook Survey.
Deputy PM Pham Binh Minh has suggested the US-based Business Council for International Understanding (BCIU) endorse the early ratification and implementation of the Trans-Pacific Partnership deal.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Chairman Nguyen Thanh Phong (third, right) and George Tanasijevich (third, left) and other officials pose for a photo (Photo: VNA) 
