According to the Ministry of Planning and Investment, in the first five months of this year, the city lured USD4.75 billion in investment.

Source: VNA

The ministry is considering an horse racing and entertainment complex project worth USD5.3 billion in the city as well.

In order to complete the target of FDI equivalent to or higher than last year’s USD7.5 billion, the city will continue to attract more big projects, while supporting investors to process investment procedures and implement their projects.

Last year, the city’s rose 4 positions on competitiveness index over 2017 to reach ninth place out of 63 localities.

This year, the city will focus on investment promotion through conferences and meetings with investors, while speeding up the licensing of projects and developing infrastructure system to lure investors.

The city will prioritise a number of sectors for investment, including information technology, innovation, biotechnology, tourism, education-training, healthcare, logistics, finance, and research and development./.

CPV/VNA