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HoChiMinh City: Creation and Utilization of Competitive
Environment for Foreign Investment
Dr. Nguyen Thien Nhan
Standing Vice - Chairman of People's Committee of Ho Chi Minh City
I. Eight targeted competitiveness of HoChiMinh
City:
1. Unique location in Asia:
Within 3,500 km radius around HoChiMinh City 2,500 millions people accessible
(50% of the world population)
- Low cost of market access
- Fast increasing demand for consumption and industrial products
- Vast pool of skilled and low wage labor
- Transportation by air, sea or train
2. Educated, hard- working, innovative and low - cost labor forces.
3. A critical economic mass for fast and sustainable internal development
and international cooperation:
- 6 millions people (2015 : 10 millions)
- Almost 30% of national industry
- 18% of Vietnam’s GDP
- 40% of Vietnam’s export
- Modernized banking sector
- Traditional relations to 2 millions oversea Vietnamese
- The biggest airport and seaport
- More than 30 universities and colleges
- 50% of Vietnam’s IT capacity
- Tourism destination
- 2 hour access to the Southern Economic Development Zone
(Dong Nai, Binh Duong, Ba Ria - Vung Tau and Ho Chi Minh City : 40% of
GDP).
4. Center of science and technology research and application.
- 30% of national research capacity
- The Nation’s most developed market for scientific - technological
products
- Advanced partnership between Science - Business and Government
(Innovation Triangle)
- High-tech Park under construction
5. Reforming government :
- Government - Business - Dialog System online
- E-Government Program started
6. Tradition of business spirit and innovation.
7. Developed infrastructure
- Transportation program
- Telecommunication program
- Housing program
- Urban re-development program
8. Multilingual culture
- English, French, Chinese, German, Russia, Japanese,…
- Korean, Chinese, French, Indian cusines
II. Current Efforts and Action Programs
1. Five readiness strategy:
- Information ready (city web, ITPC (Investment and Trade Promotion
Center), Investment road show tour…)
- Land ready (Center for Land and Infrastructure Provision)
- Labor ready (Training Program on Business Demand)
- Internet ready (Telecommunication infrastructure development
program and Internet Service Program)
- Support ready (Individual support for investors to get license,
Government - Business - Dialog system online, Annual meeting with foreign
business associations)
2. Action programs:
- Human resource development programs : 8 Components, implementation
in progress (300 Ph. D. and Master Program, 1,000 Business Manager Training
Program,…)
- City marketing (Proposal to be approved and implemented)
- Creation of ready land for investor
- IT Program (Telecommunication Infrastructure, Training, Incubation,
e-Government, E-Commerce, Quang Trung Software City, e-learning)
- Research program : Low cost production of import - equivalent products
and technology fairs (real and on line)
- Transportation program, Urban re-development program, Housing program
- City partnership (San Francisco, Shanghai, Lyon,…)
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