After receivingg approval from the Ho Chi Minh City People’s Committee, eight southern provinces will hold the Southern Key Economic Zone Investment Mart-2007 in the city to call investment for regional projects. The fair is scheduled to take place on October 30-31 2007.
For a long time, the southern key economic zone (eight provinces and cities in the zone include Ho Chi Minh City, Binh Duong, Dong Nai, Long An, Binh Phuoc, Ba Ria - Vung Tau, Tay Ninh, Tien Giang) has lacked an operator to promote fast and sustainable development. Thus, each locality has planned and called for investment, aiming to avoid overlap in investment promotion and waste of resources due to not exploring capacity and human resources. Every province has lured investment for garments and textile, footwear, information technology and craft industry, but some lack investment for the development of high technology, human resources and supporting industries. Without regional planning, infrastructure investments at different levels in neighbouring provinces, and regional development connections lead to difficulties in economic connections among provinces. To solve these problems, the fair for trans-province investment attraction in the region, first held in the Mekong Delta region, has drawn attention from localities and careful preparation by provinces, especially Ho Chi Minh City.
In a recent meeting with authorities of Ho Chi Minh City on detailed plans for organizing the Southern Key Economic Zone Investment Mart, all province representatives agreed with the plan. The fair exhibits investment calling projects, in combination with an investment environment conference in Ho Chi Minh City’s Reunification Palace. Mr Nguyen Anh Ngoc, Deputy Director of the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) said that in two days, the fair will combine a display of investment-calling projects with a conference on investment regulations and investment opportunities in eight provinces and cities in the key economic zone. The display of investment-calling projects will focus on infrastructure, real estate, industry, high technology, services, healthcare, tourism, trade and indirect investment. In the mart, there will be a general seminar to introduce the region’s investment environment, new Vietnamese policies and regulations attracting foreign investment, and major workshops including introductions of the investment environment of each province.
As many as 200 investors are expected to participate in the fair, including many multinational groups, financial institutions, and investment funds from ASEAN countries, Japan, the US, and European countries. Through the mart, provinces and cities in the region will have chance to introduce their images and investment environment to foreign investors.
Presently, the Ho Chi Minh City People’s Committee has authorised the Planning and Investment Department and the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) to complete the list of investment-calling projects of Ho Chi Minh City to attend the fair. ITPC will work with provinces to build a specific plan and general programme; with foreign partners to introduce and invite concerned investors to attend the mart. The Planning and Investment Department will prepare content and coordinate with related departments and offices to prepare information about investment-calling projects, such as infrastructure systems, new urban areas, buildings, hi-tech zones, services, and indirect investment opportunities in the city and provinces. Other departments and offices will prepare the details of projects such as targets, financial scale, project duration, investment form, policies (planned indexes, land leasing price, site clearance compensation, leasing time), related regulations, and preferential policies and taxes. For industry planning, it is necessary to have information on policies, law, taxes and common development planning.
Thuy Tien
Vietnamese
