On December 19, 2023, chairman of the municipal People’s Committee Phan Van Mai - chairing a meeting between leaders from the southern city and Singaporean businesses, Mr. Mai emphasized that the city has continually improved its investment environment and created favorable conditions for domestic and foreign investors to operate effectively. Ho Chi Minh City gives priority to attracting investment in the digital economy, green economic development, and environmentally-friendly sectors on the basis of high-technology applications.
Mr. Kho Ngee Seng Roy, Consul General of Singapore in Ho Chi Minh City, said Singaporean businesses are interested in fields of investment priority.
Regarding high-tech projects, Mr. Mai said the Saigon High-Tech Park has the necessary infrastructure to facilitate research and development in areas such as chips, semiconductors, biotechnology, new materials, and even aerospace. These are potential sectors the city has paid major attention to.
In infrastructure, the city will not only develop transport infrastructure but also social infrastructure, urban infrastructure, and digital infrastructure.
Singapore has remained the top foreign investor in the city. In the first eleven months of this year, it had 184 newly-licensed projects with total registered investment capital of $170.1 million, accounting for 29.7 per cent of total new FDI capital in the city. It was followed by Japan, with 95 projects and $81.2 million, and India with 40 projects and $62.2 million.
