Several investors came forward with solutions to implement a strong socio-economic development program for Ho Chi Minh City until 2030. They felt the need to promote a strategy for turning the two districts of Hoc Mon and Cu Chi into new growth areas in the near future for the best interests of the people. Ho Chi Minh City has also set a goal to become a modern industrial service metropolis, a vibrantly cultural City, and a future digital economic locomotive. By 2030, Ho Chi Minh City may well become the economic, financial, commercial, scientific, technological, and cultural center of Southeast Asia.
Ho Chi Minh City has a general plan until 2040, and a vision upto 2060, which requires incorporating the North and Northwest Urban Areas into its main development plans. The Northwest Urban Area is expected to be developed into a smart city with the latest in hi-tech facilities. In the recent Investment Promotion Conference concerning Hoc Mon and Cu Chi districts, hundreds of domestic and foreign businesses sought investment opportunities for the future in this area.
At the investment conference, there were almost 550 investors present. This was the largest investor gathering in the country since the Covid-19 pandemic brought all business activities to a standstill more than two years back. This conference has great significance for the country, for Ho Chi Minh City, and particularly for the two districts of Hoc Mon and Cu Chi. In the conference, majority of the investors and corporations present were competent, highly technical, and holding a sound financial status, and who were all enthusiastic about future development. At the conference, President Nguyen Xuan Phuc pointed out that both Hoc Mon and Cu Chi districts are two separate administrative units but with similar economic space, so they must coordinate to work together and closely link with surrounding localities, not just Ho Chi Minh City.
At the conference, Ms. Nguyen Thi Phuong Thao, Chairman of the Board of Directors of the Sovico Group, and Standing Vice Chairman of the Board of Directors of HDBank, said that despite many challenges, with the resources and motivation of the City, she believed that Ho Chi Minh City would make these plans into reality. Now, many businesses want to and are willing to join hands in the economic recovery and development of Ho Chi Minh City, and also of Hoc Mon and Cu Chi districts.
After listening to many practical suggestions from investors, Mr. Phan Van Mai, Chairman of the People's Committee of Ho Chi Minh City, said that the City has received the direction of the President, and recommendations of all related ministries. Ho Chi Minh City will update its strategic development plan, its general plan and its integrated plan for the Northwest Urban Area. City leaders will also focus on administrative reforms to continue supporting investors and businesses, and help in creating a favorable business environment, while promoting social investment resources for Ho Chi Minh City.
At the investment conference, under the direction of President Nguyen Xuan Phuc, Secretary Nguyen Van Nen of the Party Committee of Ho Chi Minh City, and Mr. Phan Van Mai, Chairman of the People's Committee of Ho Chi Minh City, ten investment certificates to businesses were awarded of total value of around USD 430 mn, along with 31 investment memorandums for Hoc Mon and Cu Chi districts, valued at billions of US dollars.
