The UK will help Ho Chi Minh City develop a new central business district, as discussed Thursday by David Puttnam, the Prime Ministerial Trade Envoy to Vietnam, and the mayor’s office.
Lord Puttnam met with Nguyen Thi Hong, deputy chairwoman of the HCMC People’s Committee, to discuss UK cooperation with the city in developing its new Central Business District, Thu Thiem, the Saigon Times Daily reported.
As the two sides agreed, UK’s Canary Wharf Group will work with the Thu Thiem Project Management Board to build Thu Thiem Peninsula into a modern business district.
The two sides will sign a Memorandum of Understanding (MoU) on the cooperation project. In the coming time, the management board will send a working group to the UK to tour some projects developed by Canary Wharf and meet with UK investors to attract investment into Thu Thiem. In return, Canary Wharf will send experts to HCMC to train the management board staff.
During the talk, Lord Puttnam also said the UK will support Hanoi’s hosting of the Asian Games in 2019 by sharing its experience from hosting the 2012 Summer Olympics in London.
The UK has invested in 95 projects totaling more than US$500 million in HCMC. There are 25 representative offices of UK companies and groups in the city.
According to the Ministry of Industry and Trade, the Vietnam-UK total export-import turnover reached $4.27 billion in 2013, up 19.48 percent from 2012.
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