OVs invest in 900 businesses in Ho Chi Minh City

Overseas Vietnamese have invested in more than 900 businesses in Ho Chi Minh City with total registered capital of 1.8 billion USD, focusing on infrastructure, trade centers, and waste treatment.

More than 300 OV experts and intellectuals are now working at schools, hospitals, and research centers in the city.

Nguyen Thi Minh Phuong, Deputy Chairwoman and Secretary General of the municipal Liaison Association for Overseas Vietnamese, said in recent years Ho Chi Minh City's administration has promulgated incentives to support OVs to invest and do business in their homeland as well as connect domestic enterprises at home and abroad.

"We have kept close contacts with OVs, especially those in Western European countries, the US, and Canada and they also have close links with the municipal administration," said Phuong, adding that "whenever they come back to Vietnam, they can seek support from the association. This is the strength of Ho Chi Minh City."

Source: VOV5