HCM City hopes for more US investments

Chairman of the HCM City People’s Committee Nguyen Thanh Phong has told an executive of Las Vegas Sand Corp. that he expects more US firms will run long-term business and investment in his city.
HCM City hopes for more US investments ảnh 1Chairman Nguyen Thanh Phong (third, right) and George Tanasijevich (third, left) and other officials pose for a photo (Photo: VNA)

HCM City (VNA) – Chairman of the Ho Chi Minh City People’s Committee NguyenThanh Phong has told an executive of Las Vegas Sand Corp. that he expects moreUS firms will run long-term business and investment in his city.

At ameeting on November 25 with George Tanasijevich, Managing Director of GlobalDevelopment at Las Vegas Sand, Phong highly valued the corporation’s capacityin tourism complex development.

He saidHCM City wants to diversify types of tourism, including MICE (meetings, incentives, conferences, and events),so as to fully tap its potential and advantages in tourism which is defined asa key industry in the city.

The UScurrently ranks 12th among 79 countries and territories investing inthe southern metropolis of Vietnam. That position is still modest compared tothe potential and aspiration of both sides, he noted.

AppreciatingLas Vegas Sand’s proposal to build a tourism complex project in HCM City, themunicipal leader pledged the best possible conditions for the group to investin the city. However, the two sides need more time to look into each other’srequirements which should be in line with local conditions and Vietnam’spolicies.

GeorgeTanasijevich said his firm’s project will include hotels, theatres, cinemas andfacilities hosting meetings, exhibitions and big events that will attractentrepreneurs and high-end tourists. He hopes it can contribute to thedevelopment of local tourism industry.

He saidhe is impressed with the 5 million foreigners visiting HCM City in 2015, addingthat if the project is carried out, the number of foreign arrivals to the city willstrongly increase, thus creating more jobs and helping to spur local economicgrowth.-VNA
VNA

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