Hanoi pledges to facilitate UK investment hinh anh 1A highway in Hanoi. Illustrative image (Source: VNA)

Hanoi (VNA) - Hanoi will create favourable conditions for UK enterprises to expand their investment in the capital city, said Chairman of the municipal People’s Committee Nguyen The Thao.

During a reception for Lord David Puttman, the UK Prime Minister’s Trade Envoy for Vietnam, in Hanoi on November 4, Chairman Thao affirmed in its development, Hanoi needs to learn UK’s experiences in various fields, such as infrastructure construction and environmental management.

The two sides discussed the Duong River water supply project, and proposed using the credit aid package provided by the UK Export Credit Department to develop Hanoi’s infrastructure facilities.

For his part, Lord David Puttnam hailed the city’s fast development potential.

He hoped that Hanoi would continue fostering cooperation with the UK, thus tightening friendship between the two nations.

The UK is now Vietnam’s leading partner within the European Union in terms of investment, trade and education.

The country also ranks 15th among 105 foreign investors in Vietnam with a total capital of 4.5 billion USD.-VNA