Ho Chi Minh City gives priority to attracting investment in the digital economy, green economic development, and environmentally-friendly sectors on the basis of high-technology application, Chairman of the municipal People’s Committee Phan Van Mai has said.

Chairing a meeting between leaders from the southern city and Singaporean businesses on December 19, Mr. Mai emphasized that the city has continually improved its investment environment and created favorable conditions for domestic and foreign investors to operate effectively.

The success of enterprises forms a basis for the city’s development, he added.

Mr. Kho Ngee Seng Roy, Consul General of Singapore in Ho Chi Minh City, said Singaporean businesses are interested in fields of investment priority.

Regarding high-tech projects, Mr. Mai said the Saigon High-Tech Park has the necessary infrastructure to facilitate research and development in areas such as chips, semiconductors, biotechnology, new materials, and even aerospace. These are potential sectors the city has paid major attention to.

In infrastructure, the city will not only develop transport infrastructure but also social infrastructure, urban infrastructure, and digital infrastructure, according to the city leader.

A number of infrastructure projects are in the preparatory stages, including Thu Thiem No. 4 Bridge, Can Gio Bridge, the Ho Chi Minh City - Moc Bai Expressway, the Ho Chi Minh City - Long Thanh light rail line, the Ho Chi Minh City - Can Tho railway line, and the city’s metro lines.

Singapore has remained the top foreign investor in the city. In the first eleven months of this year it had 184 newly-licensed projects with total registered investment capital of $170.1 million, accounting for 29.7 per cent of total new FDI capital in the city. It was followed by Japan, with 95 projects and $81.2 million, and India with 40 projects and $62.2 million.