UK agency vows to fund HCM City’s development projects
The United Kingdom Export Finance (UKEF) is willing to provide financial support to development projects in HCM City, including big and long-term ones, said UKEF Chief Executive Louis Taylor.
Permanent Vice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem (R) and UKEF Chief Executive Louis Taylor (Photo: VNA)
HCM City (VNA) – The United Kingdom Export Finance (UKEF) is willing to providefinancial support to development projects in HCM City, including big andlong-term ones, said UKEF Chief Executive Louis Taylor.
Taylor madethe remarks during the meeting with Permanent Vice Chairman of the Ho Chi MinhCity People’s Committee Le Thanh Liem in the city on May 12.
Liem said heappreciates UKEF’s interest in local urban transport development projects suchas the city’s metro system project, line 6, asking the UKEF to study aneffective funding mechanism for such projects.
The vicechairman also invited UK enterprises with experience not only in urbantransportation but also in healthcare and education to invest in the city,placing the emphasis on the private-public partnership (PPP) project toconstruct an area for medical examination and treatment at Nguyen Tri PhuongHospital.
He suggestedthe two sides cooperate in human resources training and transfer of advancededucation curriculum.
For his part,Taylor agreed to look into the possibility of participating in the city’sdevelopment projects, particularly those in urban transportation, healthcareand smart city.
The UKEF willwork with relevant state agencies from the UK and soon contact localauthorities to discuss appropriate partnership mechanisms between the two sidesin the coming time.
The UnitedKingdom is now HCM City’s 12th biggest investor. It is also amongthe city’s large trade partners with two-way trade estimated at 816 millionUSD. The bilateral trade reached 210 million USD in the first four months of2017.-VNA
HCM City authorities have urged the city’s Department of Planning and Investment to propose solutions to achieve a Gross Regional Domestic Product (GRDP) of between 8.4 and 8.7 percent this year.
Ho Chi Minh City expects to receive more cooperation and support from the UK in building a smart city and managing Public-Private Partnership (PPP) investment method, said a local official.
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Permanent Vice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem (R) and UKEF Chief Executive Louis Taylor (Photo: VNA) 
