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HCMC seeks Indian investors for metro and hi-tech ventures

The Saigon Times

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HCMC – HCMC is inviting Indian investors to participate in the city’s major schemes, including 12 metro and monorail projects and eight high-technology ventures.

This invitation was extended during the HCMC-India Business Forum, held today morning, November 21, by the HCMC Investment and Trade Promotion Center (ITPC).

The city’s ambitious railway projects, consisting of nine metro lines and three monorails, require nearly VND437 trillion, equivalent to US$19 billion.

These 12 public transportation projects are envisioned to address the traffic congestion issue while promoting sustainable development.

HCMC is also actively seeking investments in the high-tech sector, as it aspires to evolve into a thriving science and technology hub capable of leading the nation’s high-tech industries. The city aims to supply electronic products and high-quality semiconductor circuits to both domestic and international partners.

The Saigon Hi-Tech Park is calling for investments in three research and development (R&D) projects, four high-tech manufacturing projects, and one high-tech service project, with investment requirements ranging from US$35 million to over US$300 million.

The business forum also showcased a range of other projects spanning the environmental, agricultural, service, and trade sectors. Notable among these are the Can Gio international transshipment port, Long Binh logistics center, Beltway No. 4, HCMC-Moc bai Expressway, and Can Gio Bridge.

As of October this year, India has invested in 237 projects in the city, with total pledged capital exceeding US$130 million, according to the ITPC.

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