The President of the American Chamber of Commerce in Vietnam (AmCham) looks forward to continuing to maintain current partnerships and create conditions for an environment that promotes and attracts trade, investment, innovation, and sustainable growth.
On the afternoon of March 14, Chairman of the Ho Chi Minh City People's Committee Phan Van Mai chaired a meeting between Ho Chi Minh City leaders foreign business associations, and typical enterprises in the city.
At the meeting, representatives of foreign business associations and enterprises in the city highly appreciated the dynamic economy as well as the efforts of the city government in creating an integration mechanism and creating favorable conditions for the business environment of domestic and international enterprises.
Business units also suggested that the city soon have solutions to radically improve the investment environment and more favorable policies; promote the localization of supply chains, improve infrastructure and logistics standards; improve transport infrastructure; simplify the work and business visa policy; establish a carbon credit market, develop a framework for the implementation of Resolution 98 and a comprehensive policy framework for the city's green development to 2023, with a vision to 2050.
In addition, it is also necessary to soon take effective measures to support small and medium-sized foreign-invested enterprises (FDI) investing in industrial production, raw materials - supporting equipment, etc.
Mr. Ramachandran A. S., Chairman of AmCham discussing at the meeting.
Photo: Ngo Tung.
Expressing optimism about the city's prospects in 2024, Mr. Ramachandran A.S. - Chairman of the American Chamber of Commerce in Vietnam (AmCham) - wishes to continue to maintain current partnerships and create conditions for an environment that promotes and attracts trade, investment, innovation, and sustainable growth.
In the spirit of cooperation with Ho Chi Minh City leaders, AmCham leaders proposed 4 areas and opportunities that the association wants the two sides to implement, including strengthening the high-value production ecosystem; infrastructure investment; expanding health and physical care activities; and maintaining a favorable policy environment.
Meanwhile, Ms. Do Thi Hong Duyen – a member of the Board of Directors of the German Business Association in Vietnam (GBA) - wants policies to ensure greater clarity in implementation and required tools, Easy to apply to all types of businesses, and comply with global accounting standards.
For example, Ms. Duyen said that the recent application of value-added tax incentives from 10% to 8% is still difficult for businesses to implement due to unclear application lists, leading to wrong applications, tax debts, and penalty interest.
On behalf of domestic enterprises, Mr. Dang Van Thanh - Chairman of the Board of Directors of TTC Group - acknowledged that Resolution 98 has just been issued by the National Assembly with many specific mechanisms, which is expected to create a boost for the development of Ho Chi Minh City in the near future. "On the new track, we are aware through cooperation and companionship associated with our position, brand, and reputation to call on foreign investors to accompany and cooperate," Mr. Thanh said.
TTC Chairman Dang Van Thanh shared at the dialogue.
Working together to create new business opportunities
Listening to the sharing of businesses, the Chairman of the People's Committee of Ho Chi Minh City, Phan Van Mai, highly appreciated the companionship and contribution of the business community, including FDI enterprises. He said that the meeting was not only to listen and discuss solutions to remove current difficulties but through dialogue, the city, and businesses will cooperate to create new business opportunities for businesses, for the city in particular and Vietnam in general.
The Chairman of the People's Committee of Ho Chi Minh City exchanged and gave souvenirs to representatives of foreign business associations. Photo: Ngo Tung
Regarding FDI enterprises, the head of the Ho Chi Minh City government emphasized that in 2024, the city will focus on achieving the growth target of 7.5-8%, focusing on 3 growth drivers: investment, consumption and export.
For investments, the city will ensure that the disbursement of public investments is in line with the plan. Along with that, the city has both removed difficulties and obstacles through dialogue and established a working group to solve difficulties and obstacles for FDI enterprises.
Vice Chairman of the Ho Chi Minh City People's Committee Vo Van Hoan said that in 2023, the world economic situation will be complicated with many risk factors. Domestically, Ho Chi Minh City also faces many unfavorable factors in the process of implementing socio-economic development tasks, related to credit issues, corporate bonds, banking and finance, and especially some cases.
Thanks to the support of the Central Government, and the efforts of the whole political system, the city has resiliently coped with and overcome the "headwind", found bottlenecks and had appropriate solutions, definitively solved problems related to public investment disbursement, creating conditions for foreign investors to come to the city. Accordingly, in 2023, Ho Chi Minh City will continue to rank first in the country with a total registered FDI capital of nearly 6 billion USD, an increase of nearly 50% compared to 2022, accounting for 16% of the country's FDI.
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