Authorities in Ho Chi Minh City have assigned tasks to relevant departments and agencies as part of efforts attract more FDI.

The municipal Department of Planning and Investment will consult on the implementation of the government resolution on tasks and solutions to improve the business environment and national competitiveness in 2024 and the foreign cooperation strategy in the 2021-2030 period.

It will coordinate with relevant departments and agencies to take measures to attract FDI under the city’s master plan on FDI attraction in the 2023-2025 period with a vision to 2030.

The Department of Industry and Trade was assigned to propose policies to support the development of potential supporting industries and to help them connect and take part in the supply chains of foreign enterprises.

Meanwhile, the Department of Natural Resources and Environment will identify ways to tackle shortcomings for the effective use of land sources.

Human resources preparations, tax policy recommendations, trade promotions, and business climate improvements also count among the key tasks assigned to relevant departments, agencies, and units.

Ho Chi Minh City attracted FDI of over $5.85 billion last year, a 48.5 per cent increase against 2022.