Business

HCM City rolls out red carpet for Kazakhstani investors

Ho Chi Minh City is willing to create favourable conditions for foreign businesses, including those from Kazakhstan, to land investment in the southern hub, Chairman of the municipal People’s Committee Nguyen Thanh Phong said on February 20.
HCM City rolls out red carpet for Kazakhstani investors ảnh 1Kazakhstani businesses have satisfied with business climate in HCM City. (Photo: vneconomy.vn)

HCM City (VNA) – Ho Chi Minh City is willing to create favourableconditions for foreign businesses, including those from Kazakhstan, to landinvestment in the southern hub, Chairman of the municipal People’s CommitteeNguyen Thanh Phong said on February 20.

Hosting a reception for newly-accredited Kazakhstani Ambassador to VientamYerlan Baizhanov on the day, Phong said he rejoiced at the fruitful relationsbetween the two countries in the past time.

However, bilateral cooperation as well as collaboration between HCM City andKazakhstani localities still lag behind their potential, with the expiration ofthe Memorandum of Understanding on HCM City – Almaty city cooperation in 2016,he said.

Besides, he informed the guest of the city’s socio-economic development, andits formidable challenges during the process such as environmental pollutionand poor infrastructure that fails to meet the population growth.

To this end, Phong expressed his hope that the Kazakhstani diplomat will do hisutmost to encourage Kazakhstani firms to invest in the fields of HCM City’sinterest, while promoting investment and trade with the Vietnamese southernhub.

Yerlan Baizhanov, for his part, stressed that Kazakhstani businesses havesatisfied with business climate in HCM City, adding he will work to enhancedialogue with competent authorities in the locality so that a cooperation dealwill be inked with Almaty city soon./.
VNA
#Ho Chi Minh City #foreign businesses #Kazakhstani Ambassador to Vientam #Nguyen Thanh Phong #HCM City – Almaty city cooperation #business climate #Vietnam News Agency #Vietnamplus Ho Chi Minh City Kazakhstan
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