Overseas Vietnamese invest nearly 2 billion USD in HCM City
More than 3,000 overseas Vietnamese had invested 45 trillion VND (1.94 billion USD) as of the end of last year in HCM City, an official said at a recent meeting in the city.
Vo Thanh Chat (third from right), Vice Chairman of the HCM City Overseas Vietnamese Committee, presents certificates of merit to individuals who have had significant achievements in their work in 2019 (Photo: VNA)
HCM City (VNS/VNA) - More than 3,000 overseas Vietnamese had invested 45trillion VND (1.94 billion USD) as of the end of last year in HCM City, anofficial said at a recent meeting in the city.
Vo Thanh Chat, Vice Chairman of the HCM City Overseas Vietnamese Committee,said that overseas Vietnamese had been making great contributions to the city’ssocio-economic development over the years.
The city last year received remittances worth over 5.6 billion USD, accountingfor 30 percent of the country’s remittances, according to the committee. Mostof the remittances were used for business and production purposes, according tothe committee.
Last year the committee launched many activities to boost investment and tradewith overseas Vietnamese, he said.
Many challenges related to investment were promptly addressed to safeguardtheir rights, and conferences and meetings were organised to inform them aboutpolicies related to investment, business procedures, and immigration, he added.
The committee has asked overseas Vietnamese to continue to invest in science,technology, culture and education. It has urged the city to organise events onbuilding HCM City into a regional financial centre.
The committee plans to work with agencies to continue organising exchanges andseminars, and to listen to opinions of overseas Vietnamese on socio-economicdevelopment.
At the meeting, Chat presented the Certificates of Merit to individuals whohave made outstanding achievements in projects related to overseas Vietnamesein 2019.
More than 400 expatriates have returned to work in Vietnam for long periods,while 200 professionals have cooperated with universities, high-tech zones andhospitals in their projects.
Last year, overseas Vietnamese set up as many as 34 enterprises, with chartercapital of 122 billion VND (5.3 million USD).
Every year, more than 30,000 young overseas Vietnamese visit Vietnam forbusiness opportunities, especially in start-up projects./.
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Vo Thanh Chat (third from right), Vice Chairman of the HCM City Overseas Vietnamese Committee, presents certificates of merit to individuals who have had significant achievements in their work in 2019 (Photo: VNA) 
