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FDI in Ho Chi Minh continues sharply increases

Mon, 23 Jun 2014. Last updated Thu, 25 Jun 2015 08:45

The significant increase of FDI in Ho Chi Minh in the early months 2014 has demonstrated the safe and attractive investment environment not only in Ho Chi Minh City but also in Vietnam.

Vietnam business and investment environment has made great strides in recent years. After a long time of innovation, Vietnam has gradually improved investment environment. Because of these continuous efforts, Vietnam is attracting thousands of foreign investment projects. Especially, Ho Chi Minh City is one of the most attractive and favorable market for Foreign investors in Vietnam.

To attract FDI, Ho Chi Minh City has enacted many strong policies to improve investment environment such as administration reform, reduction in licensed time…These efforts have received many supports from investors. Specifically, within the first five months in 2014, Ho Chi Minh City received 169 new FDI projects with the total registered capital of $967 million, increased 423% compared to the same period in 2013. In general, the total of FDI until now is approximately $1.08 billion, increased 202% in comparison to the same period last year.

 

A modern Ho Chi Minh City

 

On the ceremony of giving Investment Certificate for the project of Aeon Shopping Mall held on June 21, 2014, Mr. Yasuo Nishitohge - the CEO of Aeon Vietnam said after 4 years, since the Aeon Group opened a representative office and later established the company in Vietnam, Aeon Vietnam has been licensed four investment projects (Aeon-Tan Phu Celadon shopping center (opened in January, 2014), Aeon-Binh Duong Canary Shopping Center (expected to open in November),  Aeon-Ha Noi Him Lam Shopping Center (will be launched in 2015) with a total capital  up to $512 million.

“This is a very important day to us, in this place; Aeon Group received the 4th investment license in Vietnam. This event will mark and confirm our determination in investment in Vietnam in general, and investment in Ho Chi Minh in particular”, Mr. Yasuo Nishitohge shared the joy of receiving the 4th license. Explaining for the fact that only in four years, there are four projects received license, Mr. Yasuo Nishitohge said Aeon Group's activities in Vietnam were strongly encouraged in the first quarter. After the opening ceremony, Aeon-Tan Phu Celadon Shopping Center received 4 million clients visiting the centre, purchasing goods and using the utility services.

 

A factory by FDI investment in Ho Chi Minh City

 

Mr. Yasuo Nishitohge also emphasized that with the support of Vietnam government and the rapid investment procedures, Aeon Vietnam has implemented the project on schedule. Aeon confirmed to implement the long investment in Vietnam. In addition, Deputy General of Director of Nikken Limited Company in Vietnam, Mr.Takashi Sakakibara said that he came to Vietnam three years ago to make a research about the investment environment in Vietnam and realized that Vietnam people, culture and economics are very close and similar to Japan. This is a favorable factor made him to decide to invest in Vietnam market.

“At the first time, I thought that the investment procedure may be difficult, however, I did not meet any big troubles in practical. Nikken invested in Vietnam in the field of engineering with the capital of $ 711,000. This is a supporting industry encouraged by Vietnam government and Ho Chi Mịnh City authorities, therefore, Nikken hopes to be successful and increases the investment in Vietnam”, he added. 

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