Ho Chi Minh City welcomes British investment in infrastructure, finance

The Party leader of Ho Chi Minh City, Le Thanh Hai, has said the city welcomes British firms to invest in areas where both Vietnam and the UK have advantages, especially in infrastructure and finance.

Secretary of the Party Committee Hai made the statement when he and Chairman of the People’s Committee Le Hoang Quan talked with UK Prime Minister David Cameron, who visited the city on Thursday.

PM Cameron arrived in Hanoi on Wednesday for a two-day official visit at the invitation of his Vietnamese counterpart Nguyen Tan Dung.

Party Secretary Hai said the city wants to join the UK in efforts to expand cooperation between the two countries in all fields, including politics, diplomacy, trade, investment, education, training, and people’s exchanges.

He also thanked the UK for its assistance to the city in recent times and wished that the kingdom will continue to help Vietnam in developing the public-private partnership model.

The secretary expressed his hope that PM Cameroon will encourage British businesses to invest in fields where both countries have advantages, particularly in finance and infrastructure projects.

The British premier expressed his deep impression with the great socio-economic achievements gained by Vietnam in general and Ho Chi Minh City in particular.

He also highly appreciated the southern economic hub’s efforts in boosting economic reform and creating favorable business environments for both domestic and foreign businesses.

The UK is willing to share with Vietnam experience in infrastructural development, finance, urban planning, education, training, and the public-private partnership model, PM Cameron said.

As part of his visit to the city, the British premier attended the Vietnam-UK business forum and met with Vietnamese and British investors at the Ho Chi Minh City Stock Exchange.

The guest also met with representatives of a number of major Vietnamese companies and discussed opportunities for foreign investors in the UK and support for them by the British Trade and Investment Department.

During his stay in Hanoi on Thursday, the UK leader held talks with PM Dung and met with Party General Secretary Nguyen Phu Trong and State President Truong Tan Sang.

During their discussions, the two premiers affirmed that economic cooperation continues to be a priority in bilateral relations between the two countries.

They highly valued progress in negotiations on a free trade agreement between Vietnam and the European Union, saying that trade and investment partnerships between Vietnam and the UK will be further expanded once the pact is signed.

The two prime ministers also witnessed the signing of many cooperation agreements, including a £340 million ($530.4 million) deal between Rolls-Royce and Vietnam Airlines Corporation.

The two sides also issued a joint statement in which both prime ministers welcomed the investment of £100 million ($156 million) by Prudential Vietnam in the Ministry of Finance’s first issue of 20-year government bonds.

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Ho Chi Minh City welcomes British investment in infrastructure, finance

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