Politics

HCM City seeks Hong Kong’s experiences in financial management

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong voiced his hope that Hong Kong, as a leading financial centre of Asia and the world, will share its experiences in financial management, helping HCM City become a financial hub of the region.
HCM City seeks Hong Kong’s experiences in financial management ảnh 1Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong received Paul Chan Mo-po, Financial Secretary of Hong Kong, in HCM City on September 20 (Photo: VNA)

HCM City (VNA) – Chairman of the Ho Chi Minh City People’s Committee NguyenThanh Phong voiced his hope that Hong Kong, as a leading financial centre of Asiaand the world, will share its experiences in financial management, helping HCMCity become a financial hub of the region.

Phong expressed the wish while receiving Paul Chan Mo-po, Financial Secretaryof Hong Kong, in HCM City on September 20.

Relations betweenHong Kong and Vietnam, including HCM City, are thriving, notably in trade,investment and economy, he said.

According tothe chairman, Hong Kong is currently a major trade partner of Vietnam and HCMCity in particular, with two-way trade recorded at 17.5 billion USD in 2017.

As of Augustthis year, Hong Kong ranked 7th among 100 countries and territories investingin HCM City with 747 projects worth 2.4 billion USD in total.

HCM City willcreate favourable conditions for foreign companies, including those from HongKong, to invest and do business in the city in the time ahead, Phong said.

The city alsowants to work with Hong Kong to promote cooperation in tourism and culturalexchanges, he added.

For his part,Chan stressed that the bilateral ties have been strengthened over the years,adding that businesses of Hong Kong have paid heed to the Vietnamese market inthe spheres of garment and textiles, banking, real estate and logistics, amongothers.

Hong Kongwants to invite Vietnamese firms to join its financial market and tap China’spotential in the Guangdong Bay area, the Financial Secretary said.

He alsothanked the city’s leaders for their assistance in the successful organisationof the recent “2018 In Style – Hong Kong Expo” in HCM City, adding that HongKong is willing to assist and share experiences in financial management withthe city, along with providing technical support and financial sources if HCMCity issues bonds at the Hong Kong financial market.

Hong Kong willfacilitate HCM City’s technological companies and start-ups through venture investmentfunds, he said.

In addition,the two sides hold great potential in cultural and tourism cooperation, Chan noted,saying that Hong Kong hopes to increase the exchange of delegations in thosefields to bolster mutual understanding, friendship, and collaboration.–VNA

VNA
#HCM City #Hong Kong (China) #financial management #Chairman of the HCM City People’s Committee Nguyen Thanh Phong #Financial Secretary of Hong Kong Paul Chan Mo-po #tourism and cultural exchanges #vietnamplus #Vietnam News Agency Ho Chi Minh City
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