HCM City calls for partnership of major businesses
Ho Chi Minh City needs the partnership of big businesses at home and abroad as the southern metropolis aims to become a centre of finance, trade and services in Southeast Asia
HCM City (VNA) – Ho Chi Minh City needs the partnership of big businesses at home and abroad as the southern metropolis aims to become a 🎃centre of finance, trade and services in Southeast Asia, said Chairman of the municipal People’s Committee Nguyen Thanh Phong.
The official told leaders of enterprises under the Young Presidents’ Organisation (YPO) and the World Presidents’ Organisation (WPO) in HCM City on June 13 that the locality is calling for investments in urban infrastructure, business climate improvement, high-value service development and high-tech industry and agriculture.
He suggested domestic businesses revamp their operation and accompany State management agencies in order to compete with their foreign rivals in the context of international integration.
In reply, the guests said they are interested in projects and areas in which the city is luring investments.
They proposed that the municipal leaders build a large-scale international exhibition centre and offer more incentives to businesses as well as high-quality human resources.
YPO is the world’s premier peer network of young chief executives and presidents with about 24,000 members from 130 countries and territories. Similar to YPO, WPO gathers business leaders above 45 years old.
Vietnam has 31 members of YPO and 13 of WPO.-VNA
Positive changes are being recorded in Ho Chi Minh City’s economy, with good growth rate in the trade and service sector and signs of recovery in industry production.
Ho Chi Minh City’s economy has continued growing stably, recording positive changes in business production and State budget collection, according to the municipal People’s Committee.
The southern metropolis Ho Chi Minh City has maintained its growth momentum for four consecutive years, the municipal People’s Committee told a meeting on June 24.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Vietnam is now positioning itself as a global manufacturing hub with a diversified export portfolio, improved product quality, and enhanced price competitiveness.
Part of Ho Chi Minh City (Source: VNA)
