Võ Văn Hoan, deputy chairman of HCM City’s People’s Committee, makes a speech at the Việt Nam - Bulgaria Business Forum in HCM City on Wednesday. — VNS Photo Thu Ngân

HCM CITY — HCM City is dedicated to creating the most favourable conditions for businesses from Bulgaria to invest and operate within the city, affirmed Võ Văn Hoan, deputy chairman of HCM City’s People’s Committee at the Việt Nam - Bulgaria Business Forum held in HCM City on Wednesday.

"We always view the success of foreign investors in our city as our own success," he emphasised.

The Việt Nam - Bulgaria Business Forum was conducted as part of the visit of H.E. Rumen Radev, President of the Republic of Bulgaria, to Việt Nam from November 24 to November 28.

In his address at the forum, President Rumen Radev emphasised the significance of the Vietnamese market to Bulgaria. He also highlighted sectors with vast potential for enterprises from both nations to collaborate.

During the forum, leaders from the Bulgarian Ministry of Innovation and Growth and the HCM City Department of Planning and Investment introduced fundamental information about the environmental climate in Bulgaria and HCM City. They also presented various sectors, projects, and investment incentives available for foreign investors.

Both parties underscored the significant investment opportunities for businesses from Bulgaria and Việt Nam in general, particularly in HCM City. This allows companies to capitalise on all advantages to enter each other’s markets or expand their businesses locally.

Vietnamese and Bulgarian business leaders share information and seek investment opportunities at the forum. — VNS Photo Thu Ngân

HCM City's authority highlighted Bulgaria as a country with strong potential in sectors like information technology, organic agriculture, healthcare, and renewable energy – areas of keen interest for HCM City to learn from and collaborate on.

Being the largest economic centre in the country, HCM City is proud to be an attractive destination for foreign investors, including those from Bulgaria. The city serves as the economic, cultural, scientific, and innovative hub of the nation. With a population exceeding ten million and a vibrant workforce, the city is a significant consumer market and an appealing destination for international investors seeking long-term cooperation and investment, stated Hoan.

Furthermore, at the forum, Deputy Director of the HCM City Department of Planning and Investment, Đinh Khắc Huy, underlined the city's goals to become a high-technology hub focusing on three key industries: electronics manufacturing; chemicals, rubber and plastics; precision engineering; and food and beverage processing. The city also emphasises five emerging high-tech industries including biotechnology, pharmaceuticals, automation and robotics, semiconductors, and high-tech industrial support.

Additionally, six promising support service sectors include medical tourism, finance, insurance, banking, e-commerce, healthcare services, transportation and logistics, and educational technology. The city aims to mobilise resources and attract investments for comprehensive development, positioning itself as a competitive international financial centre. As part of this plan, the city will concentrate on the currency market and banking system, capital market, and commodities market. VNS