On December 16, information from the Ho Chi Minh City People's Committee said that it had issued a decision to determine and announce the list of investment incentive areas; in particular, investment incentives in the city, including 18 commune-level administrative units.
In particular, Con Dao Special Zone is identified as an area with particularly difficult socio-economic conditions. 17 other commune-level administrative units are identified as areas with difficult socio-economic conditions, including: Tan Hai, Tan Phuoc, Phu My, Tan Thanh wards; Chau Pha, Nghia Thanh, Ngai Giao, Kim Long, Chau Duc communes, Binh Gia, Xuan Son, Ho Tram, Xuyen Moc, Hoa Hoi, Bau Lam, Binh Chau, Hoa Hiep.
All 18 of these commune-level administrative units were previously located in Ba Ria - Vung Tau province (formerly in Phu My city, Chau Duc district, Xuyen Moc district and Con Dao district).
It is known that the identification as an investment incentive area in Ho Chi Minh City is to help localities attract investment for development; create jobs for workers; help investors have higher profits, reduce costs and risks... Thereby, contributing to promoting local socio-economic growth.
