HCMC projects open for investment from Singapore, Australia

Wednesday, 2018-03-07 12:40:22
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NDO - Ho Chi Minh City has numerous projects open for foreign investment, according to Secretary Nguyen Thien Nhan who was speaking at a reception for investors from Singapore and Australia who came to explore investment opportunities in the city on March 6.

Promising options include six resettlement projects, upgrades to 50 old apartment buildings, and construction in the Thu Thiem urban area.

The city plans to build an innovative urban area covering Districts 2, 9, and Thu Duc, including the Thu Thiem urban area.

Nhan urged sectors and localities to continue to create favourable condition for investors to explore cooperation.

On behalf of the delegation, Neil Wilson, Chairman of the Australian Sakkara Group, said they have invested in numerous projects in the city.

They are interested in the city’s infrastructure projects, such as upgrades to canals, old buildings, the Thu Thiem urban area, and the equitisation of State-owned enterprises, with a total investment likely to reach US$1.5 billion.