Illustrative image (Source: VNA) Ho Chi Minh City (VNA) – Ho Chi MinhCity will create favourable conditions for Hong Kong enterprises to invest inthe city, particularly in urban infrastructure and transport, affirmed TranVinh Tuyen, Vice Chairman of the municipal People’s Committee.
As a major economic-social hub of Vietnam, HoChi Minh City needs cooperation and investment for its development from varioussources, including foreign investors, Tuyen said at a reception on May 12 for adelegation of Hong Kong businesses, led by Chairman of the Hong Kong TradeDevelopment Council Vincent Lo.
He also suggested Hong Kong firms and local agenciesenhance share information and work together to seek a cooperation mechanism thatsuits Vietnam laws, conditions of the Hong Kong businesses and demands of thecity, thus creating long-term relations that benefits both sides.
For his part, Vincent Lo affirmed that Hong Kongfirms wish to establish close ties with the city in infrastructure fieldthrough investment, consultancy provision, construction and managementof public transport, health care and education facilities.
They also want to contribute to development ofthe city through investment and technology exchange in tourism and commodityproductions, he noted.
With 407 projects worth 2.5 billion USD on realestate and processing industry, Hong Kong businesses now rank seventh amongcountries and territories investing in Ho Chi Minh City.
In the first four months of 2017, Hong Konginvestors received licences for 16 new projects in the city with total value of11 million USD, tripling the figure for the same period last year.-VNA
As a major economic-social hub of Vietnam, HoChi Minh City needs cooperation and investment for its development from varioussources, including foreign investors, Tuyen said at a reception on May 12 for adelegation of Hong Kong businesses, led by Chairman of the Hong Kong TradeDevelopment Council Vincent Lo.
He also suggested Hong Kong firms and local agenciesenhance share information and work together to seek a cooperation mechanism thatsuits Vietnam laws, conditions of the Hong Kong businesses and demands of thecity, thus creating long-term relations that benefits both sides.
For his part, Vincent Lo affirmed that Hong Kongfirms wish to establish close ties with the city in infrastructure fieldthrough investment, consultancy provision, construction and managementof public transport, health care and education facilities.
They also want to contribute to development ofthe city through investment and technology exchange in tourism and commodityproductions, he noted.
With 407 projects worth 2.5 billion USD on realestate and processing industry, Hong Kong businesses now rank seventh amongcountries and territories investing in Ho Chi Minh City.
In the first four months of 2017, Hong Konginvestors received licences for 16 new projects in the city with total value of11 million USD, tripling the figure for the same period last year.-VNA
VNA
