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PEOPLE’s COMMITTEE OF HO CHI MINH CITY

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Presentation on theme: "PEOPLE’s COMMITTEE OF HO CHI MINH CITY"— Presentation transcript:

1 PEOPLE’s COMMITTEE OF HO CHI MINH CITY
DEPARTMENT OF PLANNING AND INVESTMENT (DPI) mnhfhjfh 17/04/2007 Presented by: Ms. Nguyen Van Nga Manager of Cooperation and Investment Promotion Division - DPI

2 Topics: HCM – A FDI Magnet
B. Policy on investment in real estate business C. HCMC- FDI Opportunities Who We Are

3

4 C- HCMC-A FDI Magnet

5 2006 FDI Milestones HCM City acounts for 22.7% National FDI amount
Achievements in2006 Total investment capital: US $2.25 billion 253 greenfield projects licensed Capital: US $1.54 million Expansion of existing projects: 117, expanded capital: US $ million Major industries attracting FDI: manufacturing, housing, waste treatment, construction and service Implemented Capital Percentage: 50%

6 Korea Investments (01/01/1988 – 31/08/2007)
Registered Capital: USD 1,445 tỉ Projects: Sectors: Construction, Food and Beverage, Communications Equipments, Education, Transportation and related services, Insurance, Hotel and Restaurant, Culture and Sports, Finance, Computer, Property, School …

7 WORLD-CLASS FACILITIES
ADVANTAGES OF INVESTING IN HCMC ROBUST ECONOMY STRATEGIC LOCATION BEST INFRASTRUCTURE IN THE COUNTRY EXCELLENT B2G RELATIONSHIP DYNAMIC PRIVATE SECTOR WORLD-CLASS FACILITIES

8 Policy on investment in real estate business
The State encourages the foreign organizations, individuals investing into real estate sector, consistent with the socio-economic conditions from time to time and the schedule for the international economic integration The State encourages, and has a policy to provide, assistance to organization and individuals engaged in real estate business to invest in the establishment of Residential Housing Funds to sell on deferred (or) installment payments; to lease out or to grant hire purchase to people with achievements, to poor people and to low income earners; and to invest in industrial zone infrastructure in order to lease out land surfaces servicing production.

9 Evaluation procedures on issuing the Foreign Investment Certificate
Written request for issuance of an Investment Certificate on the stipulated form (APPENDIX I-3 of Decision No. 1088/2006/QD-BKH dated 19 October 2006); Report on financial capability of the investor (which the investor shall prepare and for which the investor shall be liable); Feasibility study comprising the following main items: objectives, scale, location of investment, investment capital, implementation project, land use requirements, and technological and environmental solutions; (applied for investment projects which have invested capital from three hundred (300) billions VND or more) Report on the possibility that meet all conditions which the investment project request (in the case of projects in sectors in which investment is conditional stipulated in article 29 of the Law on Investment and in Appendix III issued with Decree 108/ND-CP dated 22 September 2006)

10 Evaluation procedures on issuing the Foreign Investment Certificate
Joint venture contract in the case of establishment of a joint venture economic organization between a domestic investor and a foreign investor Or Business co-operation contract in the case of the investment form of a business co- operation contract. (With reference to Article 54 or 55 Decree 108/ND-CP dated 22 September 2006) Legal documents concerning housing and land of the main office and place of implementing the projects (For checking) Draft charter of the company (respectively to form of enterprises : Limited liabilities company with two or more members, One member limited liabilities company, Shareholding Company, Partnership, Business Cooperation Contract) List of members and the following attached documents: - With respect to members being an individual, a copy of ID card, of passport or other lawful personal identification;

11 Evaluation procedures on issuing the Foreign Investment Certificate
- With respect to members being a foreign organization, a copy of the establishment decision or business registration certificate or other equivalent document a copy of the business registration certificate (notarized or copy certified by Vietnamese competent agencies or foreign consular officers in Vietnam within three months before the date of submission of the business registration documents), power of attorney, people's identity card, of passport or other lawful personal identification of the authorized representative. Document of an authorized body or organization certifying the legal capital in respect of enterprises conducting lines of business for which legal capital is required by law. Practicing certificates of the director or general director and other individuals in respect of enterprise conducting lines of business for which a practicing certificate is required by law.

12 D- Investment Opportunities

13 Underground Parking Garages
HIGHLIGHTS Underground Parking Garages Transportation New Townships Recreational Parks Healthcare Technology parks

14 E- DPI – Department of Planning and Investment

15 E- DPI – Department of Planning and Investment
Main tasks: HCM City’s advisor on social and economic development planning of the City “One Stop Window” for FDI application in HCM City Obligation of suppoting investment and coodination between City’s department

16 GOING THE EXTRA-MILE FOR YOU

17 website: http://www.dpi.hochiminhcity.gov.vn
website: Thank you for your attention


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