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City's AnnouncementTuesday, 08/21/2007, 09:23

HCM City issues Apec card use regulations

The HCM City People’s Committee has issued regulations about the use of the Apec Business Travel Card (ABTC).<br>
HCM City issues Apec card use re

HCM City issues Apec card use regulations

 

The HCM City People�s Committee has issued regulations about the use of the Apec Business Travel Card (ABTC).

 

Accordingly, businesses under state and non-state enterprises, missions or foreign affairs cadres granted passports relating to ABTC member economies are allowed to use ABTC card.

 

Business people can use the cards in cases of business cooperation with partners in ABTC member economies through commercial agreements, investment projects and specific service contracts. Businesses operating in ex-import field must have an export value over US$ 5 million in 2006 or 2005.

 

The HCM City Export Processing and Industrial Zone Authority, the Saigon Hi-Tech Park, the South Urban Management Authority for Southern Area Development, the Thu Thiem New Urban Area Management Board, the North-Western Urban Area Management Board and the Department of Planning and Investment will be advisors for city leaders in examining to use ABTC card.

 

In addition, the regulation also stipulates cooperative structures between organizations and relative State agencies in order to create favorable conditions for business people to use the ABTC card.

 

(HCM City, August 21, 2007)


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