Mayor Le Hoang Quan made the commitment at a reception for representatives of the European Chamber of Commerce in Vietnam (Eurocham) on February 21.

Quan said the city stands side by side with foreign businesses, addressing their concerns and facilitating their operations in line with Vietnamese law.

The city has asked its relevant agencies to simplify its administrative procedures, ensure financial transparency and provide businesses with timely and accurate information on investment policy, he told his guests.

Quan emphasised in the coming years HCM City will step up its efforts to increase exchange programmesas part of its bid to attract more investment and international visitors.

The city is accelerating its international integration process and implementing cooperation agreements, as it strives to become the leading economic hub of the nation, he concluded.

During the meeting, participants also discussed measures to attract investment, boost administrative reforms, and development orientations for HCM City until 2020.