|Ring road 3, the Tan Van-Binh Chuan section in Binh Duong province is expected to create development breakthroughs for the Southeast region.
The conference in Ba Ria-Vung Tau province chaired by Prime Minister Pham Minh Chinh, will call on investors, business associations, and development partners to support the government in developing Vietnam’s Southeast.
Comprising Ho Chi Minh City and Ba Ria–Vung Tau, Binh Duong, Binh Phuoc, and Dong Nai province, the region has a strong and dynamic private economic sector with the most enterprises in Vietnam, and attracts 41% of Vietnam’s foreign direct investment (FDI).
|Deputy Minister of Planning and Investment Tran Quoc Phuong announces the organisation of the conference at press briefing on November 21, 2022. (Photo: Phan Tuan Anh/VNA)
Deputy Minister of Planning and Investment Tran Quoc Phuong said, “The orientation to develop Ho Chi Minh City into an international financial center will attract external resources to Vietnam and coordinate domestic resources to best serve Vietnam’s socio-economic development. The selection of Ho Chi Minh City was based on its advantages and outstanding features.”
At the conference, 12 investment projects with a total funding of 4.2 billion USD are expected to be signed, mainly in transport development, smart cities, and human resource development for industrial zones.