Tuesday, August 4 2020


City aims to attract Finnish investment

Update: March, 12/2016 - 09:00

HCM CITY— Vice chairman of the HCM City People’s Committee Lê Văn Khoa said he hoped to strengthen co-operation with Finland’s investors, particularly in technology during a meeting on Thursday with Lenita Toivakka, Finland’s Minister for Foreign Trade and Development in HCM City.

The city is investing heavily in road infrastructure and different kinds of public transport,  Khoa said at a reception held for Minister Lenita Toivakka and a Finnish business delegation.

Information technology, communications, education, energy, environment and waste-water treatment are all areas in which HCM City and Finland will cooperate.

In HCM City, Finland has invested in six projects worth a total of US$2 million, mostly in the information and communications, science and technology and processing industry.

The figure is moderate compared to the total of US$48 billion in foreign direct investment that has poured into the city, he said.

Toivakka suggested that the city’s leaders create favourable conditions for Finland’s investors to take part in projects in traffic infrastructure, communications, science and technology. 

She pledged to support the expansion of co-operation between investors in HCM City and Finland. —VNS

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