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NewsFriday, 10/18/2019, 11:15

HCM City expects stronger economic ties with UAE

Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan expressed his city’s wish to boost economic links with UAE localities while receiving Undersecretary of the UAE Ministry of Economy Abdullah Al Saleh on October 17.

Highlighting the progress in Vietnam-UAE relations, the host official said HCM City is an economic, cultural, educational and scientific – technological hub in southern Vietnam, and also the core of the southern key economic region. It also boasts a favourable location for air, rail, road and sea transportation, which is conducive to economic and trade partnerships.

Therefore, the city is ready to cooperate with other countries for common development, he noted.

Hoan said leaders of HCM City have made working visits to the UAE, a navigation and aviation hub of the world and also a leading economy in the Arabian region, and realised that both sides hold huge cooperation potential.

HCM City wishes to develop ties with localities of the UAE, particularly in economy, the Vice Chairman said, adding that many investors from the country have also invested in his city.

Briefing his host about the working trip by the UAE Ministry of Economy’s delegation, Abdullah Al Saleh said the Vietnam-UAE trade and investment forum was successful with the participation of many businesses and investors from both sides.

He said he hopes Vietnam will build a portal on its investment policies so as to further help UAE businesses learn about the local investment climate and make investment in the country, including HCM City.

The undersecretary asked for an optimal visa policy to attract more UAE tourists and investors to Vietnam, thereby promoting bilateral investment. He also suggested Vietnam open an investment promotion centre in his country to assist Vietnamese firms to make investment, do business and export goods to the UAE.


VNA


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