Ho Chi Minh City granted licenses and investment policies for 15 projects with a total capital of 2.37 billion USD

Aug 16, 2021

According to Hong Son - March 22, 2021- Baodautu.vn

The Ho Chi Minh City government has just granted investment licenses, investment policies for 15 projects of domestic and foreign enterprises, with a total investment capital of nearly 2.37 billion USD (about 54,656 billion VND).

Out of 15 projects, 8 projects were awarded investment registration certificates and adjusted investment projects with an additional investment capital of about 23,145 billion VND.

Among these projects, the most significant is the Smart Complex project - Thu Thiem Eco Smart City with a total investment of 20,100 billion VND in functional area 2A in Thu Thiem New Urban Area by the Lotte Properties HCMC (Korea) as the investor.

A number of foreign direct investment projects with large investment capital increased their investment capital on this occasion, such as: Intel Vietnam (USA) project, increased capital by 475 million USD; project of Nipro Vietnam (Japan) Co., Ltd., with capital increase of more than 270 million USD; Confectionery and ice cream factory project of CJ Vietnam Company (Korea), capital increase of more than 20 million USD…

Also on this occasion, the Ho Chi Minh City government also awarded investment policies for 5 projects with a total investment of nearly 15,000 billion VND. Granting construction permits for a number of real estate projects, including Co Giang apartment project (District 1) with a total investment of 3,000 billion VND, invested by Dat Viet Development Joint Stock Company…

Regarding the improvement of the investment environment, according to the report, over the past time, the Investment Working Group established by the People's Committee of Ho Chi Minh City, is recognized as an innovative model, bringing practical efficiency, contribute to solving difficulties and problems for businesses and investors.

In 3 years, with 32 working sessions, 110 projects and fields related to investment in the city have been included in the working program of the Working Group. Many important "bottlenecks" have been removed, and many major and key projects of the city have found "solutions" for difficulties and problems.

Specifically, there are 18 contents related to 4 main groups of issues that have been concluded by the Working Group for general direction in terms of guidelines and orientations. The working group also concluded the direction to handle problems for 92 projects (including 51 real estate projects; 21 projects related to technical infrastructure development, traffic; 18 related issues development of social infrastructure, serving people and 02 projects related to production activities). In addition, 108 proposals and recommendations of enterprises and investors were also received, classified and handled by the Working Group.

Of the 92 projects that the Working Group concluded on the direction to handle the above problems, there are currently 35 projects with a total investment of more than 320,000 billion VND removed, are implementing the next investment steps. 57 projects need a legal review, direct specialized agencies to consult and guide ministries or agencies or seek guidance from the Prime Minister to consolidate legal documents, serve as a basis for further development. continue to implement the project…

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