Vice Chairman of the Ho Chi Minh City People’s Committee Tran Vinh Tuyen (R) receives Baroness Fairhead, Minister of State for Trade and Export Promotion at the UK Department for International Trade (Photo: VNA) HCMCity (VNA) – The United Kingdom (UK) wants to boost its investment in HoChi Minh City, especially in the fields of planning, project management andsmart urban development, said Baroness Fairhead, Minister of State for Tradeand Export Promotion at the UK Department for International Trade.
Ata working session with Vice Chairman of the municipal People’s Committee TranVinh Tuyen on July 6, Fairhead said economic relations between the UK andVietnam have seen progress in recent years.
In2017, Vietnam exported 6 billion USD worth of products to the UK, up 30 percentyear-on-year, while importing around 1 billion USD worth of goods from theEuropean country, she said.
Vietnam’seconomy has achieved impressive growth, Fairhead said, stressing that Britishenterprises have highly evaluated the country’s investment and businessenvironment, especially HCM City’s development potential in the coming time.
Withtheir experiences and modern technologies, companies from the UK can help HCMCity with data digitalization and provide it with designing, planning, urbandevelopment and management services while wishing to get information about thecity’s future projects, the official said.
Fairheadnoted the UK and Vietnam are celebrating the 45th founding anniversaryof diplomatic ties this year with a range of exchange activities, of which aninnovation festival in HCM City in November will be a highlight, saying that itwill serve as a chance for British enterprises to explore and set up long-term investmentand business partnerships with local partners.
Tuyentold his guest that British investors have to date poured more than 500 millionUSD into 135 projects in HCM City. As an economic hub of Vietnam, HCM City hasbecome an attractive destination for many foreign investors, he said.
HCMCity is now giving priority to calling for investment into a smart urban developmentproject and hi-tech projects, Tuyen said, adding that the city wants Britishbusinesses to step up cooperation and investment in the fields where the UK hasstrengths and HCM City has demands.
Accordingto the vice chairman, HCM City already unveiled a list of prioritised projects callingfor investment and is preparing sites for the implementation of these projectsas soon as possible.
HCMCity’s leaders promised to create all favourable conditions for foreignenterprises, including those from the UK, to invest and do business effectivelyin the city, he stressed.-VNA
Ata working session with Vice Chairman of the municipal People’s Committee TranVinh Tuyen on July 6, Fairhead said economic relations between the UK andVietnam have seen progress in recent years.
In2017, Vietnam exported 6 billion USD worth of products to the UK, up 30 percentyear-on-year, while importing around 1 billion USD worth of goods from theEuropean country, she said.
Vietnam’seconomy has achieved impressive growth, Fairhead said, stressing that Britishenterprises have highly evaluated the country’s investment and businessenvironment, especially HCM City’s development potential in the coming time.
Withtheir experiences and modern technologies, companies from the UK can help HCMCity with data digitalization and provide it with designing, planning, urbandevelopment and management services while wishing to get information about thecity’s future projects, the official said.
Fairheadnoted the UK and Vietnam are celebrating the 45th founding anniversaryof diplomatic ties this year with a range of exchange activities, of which aninnovation festival in HCM City in November will be a highlight, saying that itwill serve as a chance for British enterprises to explore and set up long-term investmentand business partnerships with local partners.
Tuyentold his guest that British investors have to date poured more than 500 millionUSD into 135 projects in HCM City. As an economic hub of Vietnam, HCM City hasbecome an attractive destination for many foreign investors, he said.
HCMCity is now giving priority to calling for investment into a smart urban developmentproject and hi-tech projects, Tuyen said, adding that the city wants Britishbusinesses to step up cooperation and investment in the fields where the UK hasstrengths and HCM City has demands.
Accordingto the vice chairman, HCM City already unveiled a list of prioritised projects callingfor investment and is preparing sites for the implementation of these projectsas soon as possible.
HCMCity’s leaders promised to create all favourable conditions for foreignenterprises, including those from the UK, to invest and do business effectivelyin the city, he stressed.-VNA
VNA
