Mr. Johnathan Hanh Nguyen proposed 8 breakthrough projects to develop HCMC

The proposals were stated by Mr. Johnathan Hanh Nguyen, Chairman of the Inter-Pacific Group (IPPG) at the “Conference to consult investors, suggest and propose solutions to implement the socio-economic development orientation of Ho Chi Minh City”. .HCM to 2030″ recently organized by the City People’s Committee with more than 100 domestic and foreign businesses attending.

Firstly, IPPG leadership proposed a financial center investment project. The IPPG leader stated, the city’s finance is an important capital channel for the whole economy, while the need for resources to develop for the city in the next 25 years is huge. Currently, domestic resources are not guaranteed, so the resources of foreign investors are very important.

In order to attract reputable strategic investors, it is necessary to have breakthrough incentives and policies that are internationally competitive. In the opinion of the Law and Financial Consulting Firm Shearman & Sterling, if there is a financial center, Ho Chi Minh City will have many benefits.

Specifically, the city will bring together many of the world’s leading financial institutions, contributing to the development of the financial market in Ho Chi Minh City to a regional and international level, as a capital support channel for businesses and support. public investment for the city and the Mekong Delta.

Ho Chi Minh City has a financial center that will have a spillover effect on the economic development of the city and the whole country, creating the effect of increasing the attractiveness of attracting investment capital and developing infrastructure, creating supply chains. associated with financial services and other high-class commercial services.

According to the consulting group’s calculations, the financial center can help increase state budget revenue by 8-10%, even higher depending on the activities of investors in the international financial center of Vietnam. .

Second, the project of a duty-free shop down the street. Referring to the business of duty-free goods, the IPPG leader said that over the past 30 years, the group has cooperated and operated at major airports in Vietnam with the top 3 partners in the world, which is the Company. DFS and Lotte Duty Free. The current turnover of the two companies in the world is about 30 billion USD/year and the number of tourists traveling and shopping through duty-free shops of these two companies is over 38 million visitors/year.

“The duty-free shop down the street has been present in many countries, has been attracting tens of millions of international customers to shop. In Vietnam, we will put into business duty-free shops in Hanoi and Da Nang. In Danang by the end of this year, if there are more duty-free shops down the street in Ho Chi Minh City, it will support links with tours to develop a stable source of tourists for the city, creating resonances that generate demand and increase the consumption of tourists for other services such as hotels, dining, transportation … “, the IPPG leader mentioned.

Accordingly, Mr. Johnathan Hanh Nguyen wanted the city to create conditions for the IPPG to study a number of premises with appropriate standards so that the project could be promoted as soon as possible.

Third, the project to invest in a high-end shopping center in the city center. To be worthy of a leading economic city of the country, the President of IPPG wishes to expand more shopping locations with high-end brands in the city center, such as high-class branded shopping malls in different cities. Singapore, Milan – Italy, Paris – France…

In addition, opening more stores in the city center is also a requirement of luxury brands before they agree to IPPG opening their discount stores in Premium Outlets.

Fourth, the project of Urban Area commercial services, non-tariff Premium outlets and thematic amusement park. Premium outlets are where international and domestic tourists like to go when traveling to buy high-end seasonal brands at prices ranging from 50-80%, while amusement parks like Disneyland, are a popular brand. world famous brand, this place will bring unique experiences and services to visitors.

“Investing in non-tariff outlets in Thu Duc urban area will contribute to attracting and retaining long-term tourists, bringing in foreign currency revenue, creating jobs and increasing incomes for workers. In this urban area, we also propose the planning of a shopping area, shops, restaurants, night markets in line with the development orientation of the night economy of the Government. This is also a popular model in tourist cities in developed countries around the world,” suggested Mr. Johnathan Hanh Nguyen.

Fifth, the financial and commercial urban area project. Mr. Johnathan Hanh Nguyen likens this to a luxury street like Orchard Road Singapore.

Because the Rex Hotel shopping area in the city center is limited in terms of space expansion, the IPPG leader proposed to invest in a financial and commercial urban area in Thu Duc City, in that will form branded streets, neighborhoods where representative offices of big banks will be located along the main road. This urban area combines with Thu Thiem financial center area, forming a continuous whole, developing synchronously according to the planning orientation of Thu Duc city in the long term.

Sixth, invest in a VAT refund program project. In countries around the world, the VAT refund for tourists has been invested very methodically, which is an active tool to support shopping demand for tourists. In Vietnam, only IPPG and a few businesses participate in the VAT refund program launched by the General Department of Customs in 2015, and the tax refund has not yet brought maximum comfort to tourists.

“We have partnered with Swiss company Global Blue, a leading technology company providing tax refund services to travelers, regulators and retailers worldwide, which has provided providing this system to more than 44 countries around the world.By promoting and professionalizing the VAT refund program in Ho Chi Minh City and Vietnam, we can compete with other countries in the region, attracting, increase the shopping of international tourists, support tax refund quickly and comfortably, support retail businesses to increase revenue, raise brand awareness abroad,” shared Mr. Johnathan Hanh Nguyen. .

Mr. Hanh also said that he will support the authorities in technology transfer, digitization of tax refund management, security, loss avoidance and systematic, high statistics. At the same time, I hope to coordinate with the relevant authorities and the support of the City People’s Committee so that the program is synchronously applied at airports, ports and other areas.

Seventh, the investment project of a total logistics service warehouse in Thu Duc City (logistics hubs). To fulfill the goal of Ho Chi Minh City becoming a smart city with modern industrial services, the development of a professional freight transport system in the digital era, e-commerce and import and export The current increase in exports is very necessary.

IPPG leaders said that they have proposed to research and invest in a logistics warehouse in Thu Duc City in Official Letter No. 60-22 dated March 8 and that the central warehouse chain of Thu Duc City will be a link in the chain of system operation. group’s transportation system.

Finally, the project of investing in AI intelligent education program. The Group hopes that leaders of the City Department of Education and Training will pay attention to, research and deploy the AI ​​and robotics Program so that high school students at all levels can soon access and experience the program to develop knowledge, create a passion for learning. passion and career orientation. It is this high-quality human resource that will support and increase the potential and strength of the city in sustainable socio-economic development in the future.

The IPPG leader said that, with the capacity and experience of IPP Group and its consortium of investors, if it is allowed to invest in projects, the group is committed to helping bring a huge source of tourists and visitors. contribute to the socio-economic development in a sustainable way for HCMC in particular and Vietnam in general.

Huyen Cham