Business

UK firms eye infrastructure cooperation in HCM City

An official of Ho Chi Minh City held a working session on July 30 with a visiting UK business delegation who came to learn about cooperation opportunities in local infrastructure development.
UK firms eye infrastructure cooperation in HCM City ảnh 1The Empire City project, part of the Thu Thiem residential area (Photo: thuthiem.hochiminhcity.gov.vn)

Vice Chairman of the Ho Chi Minh City People’s Committee Tat Thanh Cang held a working session on July 30 with a visiting UK business delegation who came to learn about cooperation opportunities in local infrastructure development.

Reviewing the local socio-economic situation, Cang said the city is focused on four industries: electronics-information technology, machinery-transport, chemistry-plastics-rubber and food processing.

The city also prioritises the building of public transport systems including eight metro lines, he noted, highlighting the development potential of seaport and logistics sectors as 60-70 percent of goods shipped in and out of Vietnam are currently transported through HCM City.

The official said the Vietnamese southern economic hub is calling for investment in many projects, especially from foreign companies and banks. He also suggested UK investors engage in local projects.

UK Minister for Small Business, Industry and Enterprise Anna Soubry said the delegation’s visit to the city was intended to seek cooperation opportunities in infrastructure development, noting that British companies have experience with major projects in this realm.

She also expressed interest in the deep-water seaport and Thu Thiem residential area projects.

The visiting delegation included representatives from leading UK businesses in construction, electricity and energy.-VNA

#infrastructure development #Tat Thanh Cang #seaport #logistics #Anna Soubry Ho Chi Minh City United Kingdom
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