Politics

HCM City eyes cooperation with Luxembourg in different fields

Ho Chi Minh City wishes to learn from Luxembourg’s experience and cooperate with the European country in science-technology and green finance, towards building a financial centre in the time ahead, a municipal official said on May 5.
HCM City eyes cooperation with Luxembourg in different fields ảnh 1Prime Minister of Luxembourg Xavier Bettel visits the Ho Chi Minh Stock Exchange. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City wishes tolearn from Luxembourg’s experience and cooperate with the European country inscience-technology and green finance, towards building a financial centre inthe time ahead, a municipal official said on May 5.  

At a reception for Prime Minister of Luxembourg XavierBettel, Chairman of the HCM City People’s Committee Phan Van Mai stressed that PM Bettel’svisit will contribute to boosting cooperation activities between the city and theEuropean nation.

The official noted that HCM City stands ready to cooperatewith Luxembourg partners in the fields of high-tech, digital transformation, renewable energyand green energy.

Mai used this occasion to thank Luxembourg for itsfinancial support to HCM City in the rollout of climate adaptation projects, and called onthe PM to continue connecting the city with Luxembourg partners.

HCM City always welcomes foreign partners and enterprises,including those from Luxembourg, to operate in the city, he affirmed, addingthat HCM City wants to strengthen cooperation with businesses of Luxembourg inthe areas in which the southern largest economic hub has potential and demand like agricultural product processing, high-tech agriculture and manufacturing.

For his part, PM Bettel held that HCM City and Luxembourghold substantial cooperation opportunities, and that Luxembourg’s enterpriseswill be sustainable, reliable partners of local firms, helping them expand connections with the European market.

The two countries should create more favourableconditions for their businesses to operate in the respective markets, hecontinued.

Sharing Mai’s view, the PM said finance, especiallygreen finance, will offer good cooperation opportunities to Luxembourg and HCMCity, stressing that Luxembourg is committed to assisting Vietnam and HCM Cityin particular in this field, as well as sustainable development.

He said cooperation in traditional spheres likeeducation, environmental protection, climate change response, renewable energyand green energy will be maintained.

While in HCM City, PM Bettel attended and delivered aspeech at a Vietnam - Luxembourg business forum, visited the Ho Chi Minh Stock Exchange, and the War RemnantsMuseum, and found out about climate change impacts in the area along Sai GonRiver./.
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