HCMCity (VNA) – Ho Chi Minh City’s authorities will create favourableconditions for foreign investors, including those from Canada, to invest and dobusiness in the city, according to Vice Chairman of the municipal People’sCommittee Le Thanh Liem.

The official made the affirmation at a reception for visiting Chairman of Canada Trade Link Bryon Wilfert in the city on March27, during which he expressed the hope that it will welcome a new wave ofinvestment from Canadian enterprises in the near future.

He highlighted the fruitful development of the Vietnam-Canada relations inrecent times, saying that the relationship is in the most productive period of their45-year diplomatic ties, with the two countries conducting many exchanges ofhigh-ranking delegations and upgrading their bilateral ties to the level of comprehensivepartnership in November 2017.

Hespoke highly of the visit of the Canada Trade Link representative to Vietnam and the city, saying that this shows the Canadiangovernment and business community’s active interest in promoting cooperationbetween the two countries.

Liemnoted Canada’s proposals on cooperation between Canadian localities and Ho Chi MinhCity, expressing his belief that with willingness and efforts on both sides,especially the role of Canada Trade Link in business connection, the cooperationwill develop strongly, positively contributing to promoting the Vietnam-Canada comprehensivepartnership.

While expressing his impressions of Vietnam during his working visit, Wilfertstressed that on the basis of the sound relations between the two countries,the economic, trade, and investment cooperation between the two sides has manyopportunities and much potential for stronger development.

Thevisit aims to promote trade and investment cooperation between the twocountries in the context of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takingeffect.

Wilfert said Canadian businesses are impressed by the dynamic development of HoChi Minh City and that they want to do long-term business and investment activitiesin the southern hub, especially in fields with such potential as education-training,high technology, and waste treatment.

Bythe end of 2018, Canada had 80 investment projects worth 118 million USD in thecity. There are some 22,000 Vietnamese students pursuing their studies in Canada.–VNA