At a committee meeting on March 20, Phung Tan Viet, vice chairman, said the committee believes that increased levels of investment will play acritical and pivotal role in revitalizing the city’s economy.
Most notably businesses in the city can benefit by tapping the capital, technology, management know-how, sales, and procurement networks of foreign companies and employees will be able to secure good high paying jobs.
Though the city continues to receive steady FDI inflows the committee believes the levels are not optimum. It has been primarily concentrated inthe hi-tech and support industry projects, most notably green projects.
The committee discussed nine areas where they need to concentrate on improving in order to boost FDI attraction.
The lack of coordination among functional agencies was cited as the number one area needing improvement.