HCM City wants to cooperate with European businesses in smart city

Ho Chi Minh City is keen to cooperate with European businesses in building a smart city, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen has said.

At the meeting between HCM City authorities and European businesses 

 



At a meetingwith the European Chamber of Commerce in Vietnam (EuroCham) on July 11, Tuyensaid the city is facing pressing issues such as flooding, traffic jam, andenvironmental pollution.
 
He said to solve the aforesaid problems and strivefor sustainable development, HCM City is carrying out a project to turn into asmart city, including the development of technology infrastructure.

According to the official, the southern economichub has been building four pillars of the project namely a shared database andopen data ecosystem; a smart urban operation centre; a centre for simulatingand forecasting socio-economic development strategies; and an informationsecurity centre, he said.

The city also plans to build a modern financialcentre and an innovative urban area in District 2, District 9 and Thu Ducdistrict, he added.

As European firms have invested in many smartcity projects, HCM City hope to cooperate with and learn experience fromEuropean firms in these fields, the official said.

He affirmed that the city administration willcreate the optimal conditions for the businesses to cooperate and makeinvestment in the city.

Nicolas Audier, Chairman of EuroCham in Vietnam,said the signing of the EU-Vietnam Free Trade Agreement (EVFTA) will open upopportunities for the expansion of bilateral trade connections.

The deal is expected to create a wave ofinvestment from Europe into Vietnam and vice versa, he added.

He expressed his belief that there will be aflow of high-quality investment from European firms into Vietnam and HCM Citywith the transfer of new cutting-edge technologies.

The Chairman said EuroCham wants to develop thepublic-private-partnership (PPP) model in Vietnam to address urban problems.

During the meeting, the two sides also exchangedopinions on matters related to the EVFTA, focusing on tax and customs policies,transportation and logistics, trade facilitation, tracking of food origin,agriculture, and green energy.-VNA

 
 

Other News

.
Vietnam records lowest GDP growth rate in 30 years
Vietnam records lowest GDP growth rate in 30 years
BUSINESSicon  29/06/2020 

Vietnam’s gross domestic product (GDP) increased 1.81 percent during the first six months of 2020, the lowest first-half growth pace since 2011, according to the General Statistics Office (GSO).

Petrolimex plans stock sale, divestment of State capital
Petrolimex plans stock sale, divestment of State capital
BUSINESSicon  29/06/2020 

The Vietnam National Petroleum Group (Petrolimex) plans to sell 15 million treasury stocks in transactions held between June 16 and July 15 to mobilise capital for investment in 2020, 

It's matter of time more European investments will come to Vietnam
It's matter of time more European investments will come to Vietnam
BUSINESSicon  29/06/2020 

Representatives of European organizations explained to Hanoitimes what the future holds for Vietnam–EU business cooperation on the sidelines of the “Hanoi 2020 – Investment and Development Cooperation” conference on June 27.

Vietnam GDP growth forecast in 2020 remains highest in Asia: IMF
Vietnam GDP growth forecast in 2020 remains highest in Asia: IMF
BUSINESSicon  29/06/2020 

The International Monetary Fund (IMF) maintains its forecast for Vietnam’s GDP growth at 2.7% in 2020, the highest in Asia, and the pace is expected to speed up to 7% in 2021.

Starbucks suspends social media ads over hate speech
Starbucks suspends social media ads over hate speech
BUSINESSicon  29/06/2020 

The coffee giant said it would pause advertising on some platforms in an effort to address hate speech.

Hanoi offers good opportunities for high-tech agriculture for investors
Hanoi offers good opportunities for high-tech agriculture for investors
BUSINESSicon  29/06/2020 

A number of high-tech agricultural projects have been proposed in Hanoi, a trend encouraged by the recent Hanoi investment promotion conference.

July to be a hard month for Vietnamese shares
July to be a hard month for Vietnamese shares
BUSINESSicon  29/06/2020 

July looks set to be a hard month for investors as market turbulence continues due to the unpredictability of global stocks and with attention on second-quarter earnings expectations.

M&A deals could help VN businesses restructure amid pandemic
M&A deals could help VN businesses restructure amid pandemic
BUSINESSicon  29/06/2020 

Merger and acquisition (M&A) deals will likely increase post-pandemic, which industry insiders see as a chance for enterprises to restructure their operations to be more viable.

How will mobile money affect e-wallets?
How will mobile money affect e-wallets?
BUSINESSicon  29/06/2020 

Non-cash payment activities have developed strongly in recent years with many payment services such as digital banks and e-wallets.

ASEAN needs to collaborate for better tax policy: report
ASEAN needs to collaborate for better tax policy: report
BUSINESSicon  29/06/2020 

ASEAN and all member states must collaborate to establish a better tax policy system to build sustainability and resilience across the region, found a report launched on Thursday in Ha Noi.

Vietnam lures US$6 billion FDI into industrial parks
Vietnam lures US$6 billion FDI into industrial parks
BUSINESSicon  29/06/2020 

Nearly US$6 billion in foreign direct investment was poured into Viet Nam’s industrial parks (IPs), processing zones and economic zones (Ezs) in the first half of the year, according to the Ministry of Planning and Investment (MPI).

Gia Lai to have $44m hi-tech agricultural zone
Gia Lai to have $44m hi-tech agricultural zone
BUSINESSicon  29/06/2020 

A 100-ha hi-tech agricultural zone is scheduled to be built in the central highlands province of Gia Lai to develop breeding pigs and produce organic cattle feed and fertiliser.

Vietnam seeks quality FDI from EU
Vietnam seeks quality FDI from EU
VIDEOicon  29/06/2020 

Vietnam has undergone profound changes since first opening its doors to FDI more than 30 years ago.

Vietnamese business bemoans support conditions
Vietnamese business bemoans support conditions
BUSINESSicon  29/06/2020 

Amid numerous difficulties, slow-paced implementation of government-led policies to assist enterprises hit by the health crisis are leaving many businesses in the lurch, making it hard to boost local production, a key driver of  economic growth.

Real estate booms in HCMC's suburban areas
Real estate booms in HCMC's suburban areas
BUSINESSicon  29/06/2020 

The real estate market is picking up in the areas surrounding Ho Chi Minh City as inner-city options become limited and the infrastructure of these provinces is improving.

COVID-19-induced uncertainty affects bond markets
COVID-19-induced uncertainty affects bond markets
BUSINESSicon  29/06/2020 

The COVID-19 pandemic continues to drag on local currency bond markets in emerging East Asia, including Vietnam, as investment sentiment globally and in the region wane and containment measures limit economic activity.

HCM City’s housing industry faces difficulties
HCM City’s housing industry faces difficulties
BUSINESSicon  29/06/2020 

The property industry in Ho Chi Minh City, and in fact the country in general, faces several problems that need urgent solutions, especially with regard to legal provisions.

More foreign investment inflows into Vietnam
More foreign investment inflows into Vietnam
BUSINESSicon  29/06/2020 

The Sino-American trade war together with supply chain disruptions due to the novel coronavirus pandemic has prompted many an investor to plan to relocate their production facilities in order to reduce their reliance on China. 

No licenses for transport firms with foreign holding of over 51%
No licenses for transport firms with foreign holding of over 51%
BUSINESSicon  29/06/2020 

Vietnamese transport firms wherein foreign investors contribute over 51% of the chartered capital will not be licensed, according to the Ministry of Transport.

Vietnam apparel firms won't see instant benefits from EVFTA
Vietnam apparel firms won't see instant benefits from EVFTA
BUSINESSicon  29/06/2020 

Vietnamese apparel companies will not enjoy immediate tariff cuts after the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect, as they have to overcome strict rules of origin.

 
 
 
Leave your comment on an article

OR QUICK LOGIN