Business

HCM City hopes for stronger cooperation with UK

Ho Chi Minh City expects to receive more cooperation and support from the UK in building a smart city and managing Public-Private Partnership (PPP) investment method, said a local official.
HCM City hopes for stronger cooperation with UK ảnh 1HCM City Chairman Nguyen Thanh Phong (R) and UK Secretary of State for International Trade Liam Fox (Source: VNA)

HCM City (VNA) – Ho Chi Minh City expects to receive more cooperation andsupport from the UK in building a smart city and managing Public-PrivatePartnership (PPP) investment method, said a local official.

During a meetingwith UK Secretary of State for International Trade Liam Fox on February 24, Chairmanof the HCM City People’s Committee Nguyen Thanh Phong said the secretary’svisit opened up cooperation opportunities for British and Vietnamese businessesand increasing the trade value between the two nations as well as between HCMCity and the UK.

Phong affirmed thatHCM City welcomes and is willing to create the most optimal conditions for UK enterprisesto invest in the city, particularly in the fields of transport infrastructure,health care, education and e-government development.

For his part,Fox said Vietnam is a prioritised partner of the UK and the two countries holda lot of potentials for cooperation in many fields.

He affirmed thatthe UK is willing to cooperate and assist HCM City in developing an e-governmentand a smart city.

The UK now ranks12th among 86 countries and territories investing in HCM City. Thecountry is also a big trade partner of the city, with two-way trade valuereaching 826 million USD in 2016.-VNA
VNA
#Liam Fox #UK Secretary of State #Nguyen Thanh Phong Ho Chi Minh City United Kingdom
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