Chairman of Ho Chi Minh City People's Committee calls for investment

April 14, 2022 | 16:28
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Chairman of Ho Chi Minh City People's Committee Phan Van Mai and other leaders on April 13 met with ORIX Corporation, CK Asset Holdings Ltd., and Van Thinh Phat JSC to discuss investment programmes and promote the economic and social reconstruction of Ho Chi Minh City.
Chairman of Ho Chi Minh City People's Committee calls for investment
Chairman of Ho Chi Minh City People's Committee Phan Van Mai and other leaders on April 13 met with Asian corporations to discuss investment programmes

Orix Corporation was established 60 years ago in Japan and has expanded its business to 31 countries and territories, with more than 888 subsidiaries and 134 affiliate companies.

“We look forward to hearing the government's views on developing financial infrastructure and institutions that have a strong connection to the international markets – the key foundations to attracting investment and developing valuable assets. This is also why we believe in the vision of Van Thinh Phat Group, as their investment network is exceptional,” said Li Hao, deputy head of East Asia Business and president of Orix Asia Capital Ltd.

Orix is one of the world's largest renewable energy investors with 3GW solar cell and module factories installed worldwide and a leading investor in finance, insurance, infrastructure, and real estate

As of the end of 2021, Orix manages assets of up to $400 billion, has hired more than 33,000 employees, and has generated revenue of more than $13.5 billion, with total assets of $91 billion and equity of $24 billion.

Chairman of Ho Chi Minh City People's Committee calls for investment
Chairman Phan Van Mai met Justin Chiu, executive director of CK Asset Holdings Ltd.

CK Asset Holdings Ltd. is one of the largest corporations in Hong Kong with successful real estate and infrastructure investments spanning from Hong Kong and China to many countries around the globe. The group has a history of more than 70 years, with total assets of more than $80 billion, equity of more than $50 billion and revenue in 2020 reaching more than $9 billion.

Justin Chiu, executive director of CK Asset, commented that in each country, its investment decisions start with two essential conditions: government support and a trustworthy local partner with comprehensive insight and the ability to connect to the world market.

The domestic investor, Van Thinh Phat, is a private economic group with more than 30 years of consistent operation in the real estate sector with several noteworthy projects.

Van Thinh Phat is not only a pioneer in business development but also in community development and national security.

During the pandemic, Van Thinh Phat collaborated with local authorities in humanitarian activities to support the state and community by sponsoring 25 million vaccine doses nationwide, constructing three field hospitals in Ho Chi Minh City with 7,500 medical beds, and supplying millions of essential food items for citizens.

Van Thinh Phat Group continues to spearhead efforts in bringing leading international investors such as Orix and CK Assets to Vietnam to collaborate in key areas like finance, infrastructure, real estate, technology, and sustainable energy.

Truong Hue Van, CEO of Van Thinh Phat JSC, said that the company has been deeply associated with the development of Ho Chi Minh City for more than 30 years.

“We will accompany the Party and state to build a rich, beautiful, civilised, and loving city. We wholeheartedly maintain our corporate identity and commit to long-term and sustainable development, always putting the prestige of the corporation and the country on top,” Van said.

“As beloved Uncle Ho once said, 'the people are rich and the country is strong', we always aspire to connect resources and open investment capital channels, so that the country can develop new opportunities to reach its full potential whilst overcoming any limits in its development,” she added.

During the meeting, the leaders of Ho Chi Minh City People's Committee evaluated and supported the investment plan of Van Thinh Phat Group and its partners.

The committee's leaders also committed to working with investors, promptly removing obstacles and offering favourable conditions for businesses and investors to build Ho Chi Minh City into a national economic powerhouse for the country, as well as to place the city on the world stage as a leader in innovation and investment.

By Binh An

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