During this visit, the delegation expected to learn Thailand’s experience in governmental management in urban development, flooding prevention and social housing development.

The delegation specifically took heed of appeal of investments in urban renewal, urban development along canal banks and social housing development as the canal system plays an integral part not only in the city’s transportation, but in the city’s landscape and drainage system as well.

On November 24, the delegation had a meeting with Frasers Property Holdings Co Ltd which has 20 years of working in HCM City on planning and cooperation models in building and developing smart innovative districts.

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Ho Chi Minh city

Quang emphasized the demand for housing in HCM City while prices of houses in Thailand nearly double in HCM City; therefore, Thai investors will have opportunities if investing in HCM City.

He also lauded the idea of the company in making use of university premises which can be done in Vietnam. For instance, available land in the Vietnam National University-HCM City is waiting for Thai investors.

HCM City will promote foreign investments through a number of solutions, such as providing the investors the clear land for projects, joining capital in the business, simplifying administrative procedures through ‘electronic single-window system’ in the city’s Department of Construction, alongside with urging the State government to amend regulations to pave the way for investors.

After Thailand, the delegation will continue their trip to Malaysia.

Source: VNA