Economy
Caution arises as State divestment strategy potentially poses risks
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| Canadian businesses want to do long-term business and investment activities in the southern hub, especially in fields such as education-training, high technology and waste treatment. — VNA/VNS Photo |
Viet Nam News
HCM CITY — HCM City’s authorities would create favourable conditions for foreign investors, including those from Canada, to invest and do business in the city, according to vice chairman of the municipal People’s Committee Lê Thanh Liêm.
The official made the statement at a reception for visiting Chairman of Canada Trade Link Bryon Wilfert on Wednesday, during which he expressed his hope that it would welcome a new wave of investment from Canadian enterprises in the near future.
He highlighted the fruitful development of Việt Nam-Canada relations, saying the relationship was in its most productive period of their 45 years of diplomatic ties, with the two countries upgrading their bilateral ties to a comprehensive partnership in November 2017.
He spoke highly of Wilfert’s visit, saying that it showed the Canadian government and business community’s active interest in promoting co-operation between the two countries.
Liêm noted Canada’s proposals on co-operation between Canadian localities and HCM City, expressing his belief that with willingness and efforts on both sides, especially the role of Canada Trade Link in business connections, the co-operation would develop strongly, positively contributing to promoting the Việt Nam-Canada comprehensive partnership.
On his behalf, Wilfert stressed that on the basis of the sound relations between the two countries, the economic, trade, and investment co-operation between the two sides had resulted in many opportunities and potential for stronger development.
The visit aims to promote trade and investment co-operation between the two countries in the context of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) taking effect.
Wilfert said Canadian businesses were impressed by the dynamic development of HCM City and that they wanted to conduct long-term business and investment activities in the southern hub, especially in fields such as education-training, high technology and waste treatment.
By the end of 2018, Canada had 80 investment projects worth US$118 million in the city. – VNS
