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Diplomats praise HCM City's economic development

Update: February, 12/2015 - 08:00
Le Hoang Quan, chairman of HCM City People's Committee and representative diplomatic corps. — Photo sggp.org.vn

HCM CITY (VNS) — HCM City is one of the more progressive and successful cities and provinces in Viet Nam, the Consul General of Australia in HCM City, John McAnulty, said during a meeting with HCM City People's Committee on Tuesday (10 February 2015).

McAnulty, who is dean of the HCM City Consular Corps, said the city is a leading example of how to be a successful.

"You have in place an economic policy. The Government is fully aware of the needs and priorities of the people and based on these you have oriented your policies accordingly, and these have become a standard for the country," he said.

HCM City is a leader in attracting foreign direct investment in Viet Nam due to "clear and open policies" provided to investors.

The city also has excellent infrastructure such as good roads and well organised and managed industrial zones, said McAnulty.

"I speak on behalf of all my Consular Corps colleagues that HCM City is strategically important to Viet Nam's progress and development, but also to all of us in respective bi-lateral relationships with Viet Nam," he said.

HCM City is a centre for foreign investment and tourism, and has leading universities and industrial parks.

"Businesses need confidence in the Government to be responsive to their needs and to be assured of consistency in the application of regulations … . For this you must be congratulated," said the Australian diplomat.

Last year was marked by significant economic achievements of HCM City, including ongoing major infrastructure projects. While this may bring short-term disruption, it brings long-term benefits, he added.

"It is all in the name of progress. And there is an air of optimism in the city," McAnulty said.

He also praised the beauty of the Tet. "The streets and parks of HCM City are alive with lights and flowers. Families coming out for an evening admire the colour of the city and a carnival atmosphere is evident."

"The city is transformed into a sea of people enjoying themselves. It is something which is lovely to witness," he added.

Speaking to the diplomatic corps, Le Hoang Quan, chairman of HCM City People's Committee, said HCM City has taken great effort to promote economic growth, put inflation under control, ensure social security, and maintain political stability and public order.

In 2014, HCM City attained GDP growth of 9.6 per cent.

Quan said HCM City was the first locality in Viet Nam to attain annual export turnover of over US$30 billion. Last year the city's export turnover was over $32 billion and imports totalled $30.7 billion.

The city also licensed 595 investment projects with total registered capital of $3.2 billion.

At least 5,331 operational FDI projects with total investment of $36.6 billion are located in the city.

Quan said that in 2015 the city would ensure political stability and social security and speed up administrative reform to create a more liberal investment environment.

The city, he said, would make friends with other countries to ensure "peace, stability, safety, security, cooperation and development in the region and the world".

Attending the meeting were 200 delegates from the consular corps, foreign economic organisations, NGOS, foreign business associations, repesentatives of HCM City People's Council, People's Committee and the Fatherland Front of HCM City. —VNS

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