Of those, the metro line 1 Ben Thanh-Suoi Tien, metro line 2 Ben Thanh-Tham Luong, a science and technology park in District 9, and the Thu Thiem 2 urban area are billed as strategic projects.

Delegates visit a booth on the sidelines of the conference.

In addition, export and processing zones and industrial parks in the city are inviting investment in electronics, information technology, mechanical engineering, medical equipment, pharmaceutical chemistry and food.

According to the municipal People’s Committee, the city is currently contributing 21 percent to the national GDP, one third of the national budget, and one fifth of the export revenue and luring 30 percent of FDI projects in Vietnam.

The city is targeting an average GDP growth of 8.5 percent per year during 2016-2020. By 2020, the service sector will account for 56-58 percent of the gross regional domestic product (GRDP) and total social investment will make up 30 percent of the GRDP. It also aims to raise income per capita to USD 9,800 in the next three years.

In the coming time, the city will continue to improve the business climate, streamline administrative procedures as well as ensure sufficient human and land resources to meet the demand of foreign investors.

Translated by Song Anh