Ho Chi Minh City, Vietnam (PRWEB) March 13, 2006
A large mission of Ho Chi Minh City government and business leaders will visit New York March 20 and San Francisco March 23. A key objective is to seek support for Ho Chi Minh City’s urban development plans. Nguyen Huu Tin, Vice Mayor, will lead the mission, and Walter Blocker, Chairman of AmCham Vietnam in Ho Chi Minh City, will accompany it.
A highlight of the meetings will be specific projects in Ho Chi Minh City’s Strategic Development Plan to the year 2020. Key projects include two new urban development areas, a convention center, residential, commercial, and industrial real estate, and urban transportation infrastructure.
Ho Chi Minh City is the center of the largest and fastest growing region in Vietnam, the “Southern Key Economic Zone,” which today accounts for 35% of Vietnam’s GDP, and is projected to account for 40% in the near future. This success is largely attributed to streamlined business procedures and increased investment incentives, not to mention a history of entrepreneurship and international relationships.
AmCham Chairman Walter Blocker said, "The Feb 28 Intel announcement of a USD 300 million semiconductor facility investment in Ho Chi Minh City, in competition with sites in China and India, demonstrates that HCM City is a world class investment destination. This is a 24-carat gold stamp of approval", he said.
“Like Intel Chairman Craig Barrett, we in AmCham Vietnam recognize the tremendous potential here in Vietnam, and especially in HCM City: a country of over 80 million people, with youthful, educated, and disciplined work force, a government that is straight-forward and business-like in its dealings with investors, and a leader in the ASEAN region,” he said.
Click here for information on the HCM City Mission to New York and San Francisco, including participants, seminar locations, and registration information.
For additional information, contact:
Natalie Oberman, U.S. Chamber of Commerce 202-463-5652
Mark Chandler, San Francisco Mayor’s Office, 415-554-6414
AmCham Vietnam is similar to a Chamber of Commerce in the United States, and is a member of the U.S. Chamber of Commerce. With over 300 member companies ranging from Fortune 100 companies such as ConocoPhillips, Intel, and FedEx, to professional service providers and small and medium businesses, AmCham Vietnam members manage about $2.6 billion in U.S.-related investment in Vietnam, and manage or support most of the $8.0 billion a year in bilateral trade between the United States and Vietnam.