During a meeting with departments, sectors, and localities, Chairman of Ho Chi Minh City People’s Committee, Mr. Nguyen Van Duoc, emphasized the need for the city to have at least 2 strong economic groups like Becamex for development. He proposed forming a second group named Saigon Group based on restructuring existing state-owned enterprises. Becamex was noted for its extensive experience and strengths in investment, infrastructure, and real estate. The city has many large projects needing investment, such as urban railways and transportation routes. Becamex expressed its desire to continue investing in Ho Chi Minh City, committing to engage in major infrastructure projects. The foreign investment disbursement rate in the city has increased significantly, indicating a positive economic recovery and growth. Mr. Duoc called for departments to reform administrative procedures to facilitate enterprises, becoming a driving force for the city’s development.
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