HCM City Chairman Phan Van Mai (second from left) speaks with representatives of businesses on the sidelines of a conference between city leaders and foreign investors last Friday. — VNA/VNS Photo Rising labour and production costs have prompted some relocation but HCM City remains an appealing investment destination given its market size and speedy recovery, experts say. Speaking at a meeting between city leaders and foreign investors late last week, Hirai Shinji, chief representative of the Japan External Trade Organisation (JETRO) in HCM City, said while more manufacturers were looking to relocate their production to other provinces because of rising labour costs and land rents in HCM City, the city remained a popular investment destination. A recent JETRO survey attributed it to the city’s great economic growth potential and market size, he said. HCM City has been praised for its achievements in speedy post-pandemic economic recovery, he added. Mary Tarnowka, executive … [Read more...] about HCM City growth remains an X factor: foreign investors
