HCM City authorities pledged to support British investors

Ho Chi Minh City’s authorities and leaders of the UK Consulate General and the British Business Group met in Ho Chi Minh City on December 13.

Speaking at the meeting, Vice Chairman of the municipal People’s Committee Le Thanh Liem said that Ho Chi Minh City is resolved to improve its investment environment and create favorable conditions for foreign investors, including those from the United Kingdom, to do long-term business in the city, said a local official. He affirmed that Ho Chi Minh City wants to continue cooperation with British investors during its development process, especially in building a smart city.

For his part, British Consul General in Ho Chi Minh City Ian Gibbons spoke highly of the municipal administration’s efforts to perfect its investment climate, thereby attracting more British enterprises.

Mr.Le Thanh Liem noted that based on the growing Vietnam-UK strategic partnership, relations between the city and the UK are developing well, opening up new cooperation opportunities. The UK currently ranks 12th among 79 countries and territories investing in Ho Chi Minh City, with 126 valid projects worth over 500 million USD. The bilateral trade between the city and the UK reached 755 million USD in the first 11 months of 2016

During the meeting, the city’s officials and representatives of the British Business Group exchanged views on arrange of issues such as tax policy, infrastructure development and high-quality personnel training.