Business

Economic collaboration forum to boost link between HCM City, Porto

An economic cooperation forum between Ho Chi Minh City and Portugal’s Porto city has opened in the European city to promote economic links between the two cities.
Economic collaboration forum to boost link between HCM City, Porto ảnh 1Delegates at the Economic Collaboration between Ho Chi Minh City and Porto (Photo: VNA)

Porto (VNA) – An economic cooperation forumbetween Ho Chi Minh City and Portugal’s Porto city has opened in the European cityto promote economic links between the two cities.

This was one of the highlights of the Vietnam-Ho Chi Minh CityFestival held in Porto from July 28-30 by the HCM City's Investment and Trade Promotion Centre in collaborationwith the Vietnamese Embassy in France concurrently Portugal and the administration of Porto city.

At the forum, leaders of the two cities introduced their economic overviews and policy environment to attract investment, as well as potentials for cooperation in several fields, including services, tourism and culture ofeach locality.

Economic collaboration forum to boost link between HCM City, Porto ảnh 2The event is one of the highlights of the Vietnam-Ho Chi Minh City Festival held in Porto from July 28-30 (Photo: VNA)


The Vietnamese trade representative in France and Portugal also provided information on opportunities and challenges of the hostcountry market, as well as notes for Vietnamese businesses that want to do business in Europe in general or in Portugal in particular.

José Pedro Busano de Sousa Vieira, Chairman of Portuguese Cultural Association, expressedhis delight at the freshly signed Memorandum of Understanding (MoU) on cooperationbetween the two cities in the 2023-2025 period, thus contributing to promoting the ties of the localities.

Vice Chairman of the HCM City People’s Committee Duong Anh Duc said he believes that along with the free trade agreement between the European Union and Vietnam (EVFTA), the recently signed trade deal between the two localities will be an important premise for further improving the efficiency of cooperation between the two cities, as well as with other localities of Portugal and the EU.

He affirmed that the city administration will constantly improve its investment environment and accompany foreign enterprises in the process of effective, safe and long-term investment, production and business in the locality./.

VNA
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