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VietNamNews

EU - HCM City's key economic partner

Update: November, 02/2013 - 09:57
Vice Chairwoman of the HCM City People's Committee, Nguyen Thi Hong meets Werner Langen, head of the European Parliament (EP) delegation for Southeast Asia and the Association of Southeast Asian Nations yesterday.— VNA/VNS Photo

HCM CITY (VNS)— Vice Chairwoman of the HCM City People's Committee, Nguyen Thi Hong, has called the European Union (EU) the city's major economic partner.

Receiving Werner Langen, head of the European Parliament (EP) delegation for Southeast Asia and the Association of Southeast Asian Nations yesterday, she praised the EP's role in promoting cooperation between the southern city and the EU.

She expressed hope for future support from the EP to Viet Nam's development and negotiations for the Viet Nam–EU free trade agreement (FTA).

Langen said HCM City was a crucial destination for the European business community and said the delegation was eager to learn about the city's business environment and future growth.

He noted that the Viet Nam–EU FTA would be mutually beneficial and provide significant benefits to the city.

Representatives also discussed sustainable development policies, transport infrastructure and local-level administration during the visit.

The visit follows a landslide of EU companies investing in Viet Nam this year, with 50 projects in HCM City alone in the first 8 months of this year. There are also 364 foreign representative offices in the city, many of which are from the EU. —VNS

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