Overseas Vietnamese updated on HCM City’s specific development mechanism, policy

Prague: The overseas Vietnamese (OV) community in the Czech Republic have been updated on a new resolution of the Vietnamese National Assembly (NA) on piloting some specific mechanisms and policies for the development of Ho Chi Minh City. At a conference held by the Vietnamese Embassy and the HCM City Overseas Vietnamese Committee in Prague on February 1, Le Van Thu, the deputy head of the committee, introduced basic points of Resolution No. 98/2023/QH15, involving 44 mechanisms in seven areas. He highlighted 27 new policies that allow the southern economic hub to apply superior mechanisms and policies toward breakthrough development, enhancing its role as a growth pillar and driving force in the region and the nation. Thu also fielded queries on attracting diaspora capital back to the homeland, noting that remittances to the metropolis neared 10 billion USD in 2023, nearly tripling foreign direct investment value that year. Overseas Vietnamese have made significant contributions to the development of the nation, with immense untapped potential still awaiting exploration, he said. Nguyen Dieu Linh, the charge d'affaires of the embassy, emphasised the strength of the Vietnamese community in the Czech Republic, who have deeply integrated into the host country while maintaining close bonds with their homeland. Many OVs and Vietnamese entrepreneurs in the European nation are eager to invest in Vietnam, including Ho Chi Minh City. The diplomat said she is confident that Vietnamese intellectuals and entrepreneurs here will serve as a bridge for international financial institutions and corporations to invest in the city./. Source: Vietnam News Agency

Recent Posts