UK investors have sights on HCM City: consul

July 25, 2016 | 09:03

(0) user say

Many British business executives will visit HCM City this year to explore the investment environment and co-operation opportunities, the country’s envoy in the city has said.

The UK has invested US$3.6 billion in 266 projects in Việt Nam, 44 per cent of it in property, 29 per cent in automation and manufacturing and the rest in mining.-VOV.vn

UK Consul General Ian Gibbons, at a meeting on Thursday with Nguyễn, Thành Phong, chairman of the city People’s Committee, said ties between the UK and Việt Nam, especially HCM City, are growing consistently.

Through the good offices of the British Government, many companies would come to Việt Nam and HCM City soon to look for co-operation in finance-banking and smart urban development.

He hoped the city would create the most favourable conditions for UK investors and offer preferential policies for them to participate in some of the city’s key projects.

Phong said the city has always paid close attention to ties with British localities and created good conditions for UK investors.

“Finance – banking and smart urban development are key sectors of HCM City and we would like to welcome more UK investors.”

He called on the envoy to tell the British business community about the city’s business environment and incentives to investors.

British businesses have invested US$3.6 billion in 266 projects in the real estate, automation, manufacturing and mining sectors in Việt Nam to stand 15th in a list of 116 investing nations.

VNS

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional