Business

HCM City, RoK firm foster cooperation in smart urban building

Ho Chi Minh City and Lotte Properties HCMC, owned by Lotte Group of the Republic of Korea (RoK), have agreed to enhance their cooperation, especially in smart urban building.
HCM City, RoK firm foster cooperation in smart urban building ảnh 1At the working session (Photo: VNA)

HCM City (VNA) – Ho Chi Minh City and LotteProperties HCMC, owned by Lotte Group of the Republic of Korea (RoK), haveagreed to enhance their cooperation, especially in smart urban building.

The consensus was reached at a working session betweenLe Hoa Binh, Vice Chairman of the municipal People’s Committee, and Lee KangWoo, General Director of Lotte Properties HCMC.

Binh said HCM City facilitates the investment and business operation of foreign firms in the city, including Lotte Properties HCMC and other RoKinvestors.

HCM City, RoK firm foster cooperation in smart urban building ảnh 2District 2, in eastern part of HCM City, has the advantage of geographic location and convinent conditions to form a new urban area. (Photo: VNA)

Prime Minister Nguyen Xuan Phuc has allowed LotteProperties HCMC to continue implementing the Eco Smart City project at the ThuThiem new urban area in Thu Duc city, which demonstrates local authorities’efforts in handling bottlenecks to foreign-invested projects, according to theofficial.

Binh expressed his hope that Lotte Properties HCMCwill pour more cash into the southern metropolis, especially Thu Duc city,thus contributing to turning the city into an innovative, highly interactive,worth-living urban area.

For his part, Lee highlighted HCM City’s potential andaffirmed that his company wishes to strengthen cooperation with the Vietnameseeconomic hub, particularly in smart urban building./.
VNA
#Ho Chi Minh City #Lotte Properties HCMC #Lotte Group #RoK investors #Vietnam #VietnamPlus #Vietnam news Ho Chi Minh City Korea (RoK)
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