Hanoi hosts investment promotion seminar in UK

14:32 | 24/10/2019 Investment

A seminar discussing measures to promote Hanoi’s investment, trade and tourism in the UK took place in London on October 22, attracting attention from British investors.

Vice Chairman of the Hanoi People’s Committee Ngo Van Quy speak at the conference - Source: VNA

Addressing the event, Vice Chairman of the Hanoi People’s Committee Ngo Van Quy said the city prioritises calling for investment in developing modern technical and urban infrastructure, smart urban areas, water supply and drainage infrastructure, high-value services, and protecting the environment

He stressed the city’s determination to reform administrative procedures, improve investment environment, remove difficulties facing foreign enterprises operating in the locality.

A master plan on satellite urban areas in Hanoi and a list of investment projects were introduced to British enterprises at the event.

More British investors are interested in pouring their capital into the Vietnamese market, especially in education, pharmaceuticals and production, Peter Rimmer, Executive Director of the British Business Group in Vietnam, told Vietnam News Agency correspondents in London.

At the conference, the two sides’ enterprises signed four Memoranda of Understanding on cooperation in high biotech, training institutions in agricultural science and biotech, logistics, healthcare and pharmaceuticals.

The relationship between Vietnam and the UK in general and between Hanoi and the UK in particular has recorded fruitful development in recent years.

The UK has so far operated 80 valid projects worth over 423 million USD in Vietnam in the fields of real estate, communications, education and healthcare.

Vietnam welcomes about 198,000 British tourists per year. Meanwhile cooperation in education and training, culture and art exchange between the two nations has also developed.