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HCM City pledges favourable conditions for British investors

Ho Chi Minh City promises to create favourable conditions for foreign enterprises, including those from the UK, to make long-term investment in the city, a municipal official said on October 3.
HCM City pledges favourable conditions for British investors ảnh 1At the meeting (Photo: VNA)

HCMCity (VNA) – Ho Chi Minh City promises to create favourableconditions for foreign enterprises, including those from the UK, to makelong-term investment in the city, a municipal official said on October 3.

While receiving Conor Burns, MP, Minister of State at the UK’s Department forInternational Trade, Vice Chairman of the HCM City People’s Committee Le ThanhLiem rejoiced at the positive development of relations between the city and theUK, and acknowledged the performance of British investors in the southern largesteconomic hub.

HCM City will host a roundtable next month in order to create conditions for Britishfirms to directly discuss with local leaders, thus removing difficultieshindering their investment and business operations in Vietnam, he said.

Liem thanked the UK for its support in implementing the smart urban buildingproject, and pledged to facilitate the implementation of the project’s components.

HCM City stands ready to promote educational cooperation with the UK, he said,highlighting coordination between the two sides in organsing an exhibition oneducational equipment and technologies in the city in early 2020.

For his part, Burns affirmed the British Government’s resolve to enhance tradeties with Vietnam in general and its localities in particular, including HCMCity, helping to deepen the relationship between the two countries.

British investors highly valued HCM City’s development potential, the official stressed,expressing his impression for the city’s dynamic development.

According to Burns, HCM City and the UK still boast a lot of cooperationpotential in the spheres of finance, banking, renewable and clean energy.Besides, British enterprises hope to boost collaboration with HCM City inpeople-to-people exchange, education and smart urban building.

The UK is now HCM City’s biggest trade partner with two-way trade reaching 761million USD in 2018. The UK ranks 11th among 106 countries andterritories investing in the city, with 147 projects worth over 600 millionUSD.

HCM City and the British Consulate General are joining hands in a project todevelop a smart ticket system for the city’s public transport network./.


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