HCMC & Budapest capital to develop cooperation in depth

Chairman of HCMC People’s Committee Le Hoang Quan and Budapest Mayor Tarlos Isvan signed a cooperation agreement two days ago, aiming to establish and boost further friendship and cooperative relations between Ho Chi Minh City and the capital city of Hungary.

Chairman of the HCMC People’s Committee Le Hoang Quan and Budapest Mayor Tarlos Isvan sign the cooperation agreement on Sept. 7th, 2015.

Chairman Le Hoang Quan also had a talk with the Budapest Mayor.
In the first seven months of this year, total export and import turnover between HCMC and Hungary reached US$ 18, 52 million. Currently, there are five projects from Hungarian enterprises with total investment capital of US$ 3, 73 million in HCMC. In addition, Hungary is ranked the 47th among 71 investors in the city from countries and territories.
In tourism industry, HCMC welcomed around 1, 400 Hungarian tourists last year.
Although two ways trade turnover between the cities increased tremendously, many potentials for cooperation have to be exploited, said Mr. Le Hoang Quan.
Through latest visiting and working at HCMC and Hanoi, Mr.Tarlos Isvan considered that HCMC has been a self- motivated and attractive investment environment with its potential economy.
Pursuant to the cooperation agreement, HCMC and Budapest will continue to strengthen further cooperation in various fields in the future such as public transport, city planning, fresh water distribution, sewage system, rubbish and wastewater disposal and other fields, stressed Mr. Tarlos Isvan.
On the same day, Chairman Le Hoang Quan and Deputy Mayor of Budapest Bagdy Gabor chaired a seminar on trading investment promotion in HCMC which was held in Budapest capital with participation of crowded Vietnamese and Hungarian enterprises.
At the seminar, Vice Director of the HCMC Investment and Trade Promotion Center Nguyen Tuan introduced key fields which the city is calling on investment on such as supporting industry, infrastructure development, high-tech agriculture, city planning, finance and banking, education, health and others.

Chairman of the HCMC People’s Committee Le Hoang Quan poses for a photo with Hungarian enterprises at seminar.

Chairman of the HCMC People’s Committee Le Hoang Quan poses for a photo with overseas Vietnamese in Hungary.

By Van Anh- Translated by Huyen Huong

Other news