HCMC creates favourable conditions for Korean investors

Tuesday, 26/09/2023 12:30
The delegation of Ho Chi Minh City (HCMC) high-ranking officials led by Chairman of the HCMC People's Committee Phan Van Mai had a meeting with Mr. OH Se Hoon, Mayor of Seoul, the Republic of Korea (RoK) on September 25.

Chairman of the HCMC People's Committee Phan Van Mai (L) and Seoul Mayor Oh Se Hoon at the receiving ceremony (Photo: SGGP)

Addressing the event, Chairman of the HCMC People's Committee Phan Van Mai said that the two countries upgraded bilateral relations to a “Comprehensive Strategic Partnership” in December 2022 to further enhance and deepen the cooperation between nations.

There are about 80,000 Korean people and 2,000 businesses that are living and operating in HCMC, who have made an outstanding contribution to the city’s development and enhancement of cooperation between the two countries.

Chairman Mai expressed his hope to cooperate and gain experience in the fields that are Seoul’s strengths, such as urban development and smart urban management.

He also expressed his impression of the Korean city’s traffic organization and operation. The exploitation of the urban underground space of the metro system is a good model for learning to solve traffic and transportation problems in HCMC with a population of more than 10 million.

For his part, Seoul Mayor Oh Se-hoon stated that the number of Vietnamese people in Seoul ranks second after the Chinese, making outstanding contributions to the city’s development.

The city also welcomes a large number of Vietnamese visitors. He hoped to closely cooperate with HCMC to promote tourism between the two localities.

In addition, the Mayor of Seoul affirmed that the Korean city is willing to coordinate and share experience in traffic management, and noted that HCMC needs to develop a linkage between bus and metro systems.

On the same day, the HCMC’s delegation had a meeting with Korea Employers Federation and nearly 30 businesses on the city’s investment process and procedures as well as introduced Resolution 98 with specific mechanisms and policies for the development of HCMC.

Mr. Mai affirmed that the city’s leaders always make efforts to improve the investment environment, creating a better living environment, listening to and solving investors’ issues to develop HCMC into the best destination for foreign investors, including Korean firms.

The city will be a pioneering locality in concretizing the content of cooperation between Vietnam and RoK and call Korean businesses and localities to invest in the city to contribute to the relations between the two countries as well as the region and the world, he said./.

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