UK’s Canary Wharf to build HCMC business district

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Proposed layout of the new business district in Ho Chi Minh City
Proposed layout of the new business district in Ho Chi Minh City

The UK will help Ho Chi Minh City develop a new central business district, local media reported on February 28. David Puttnam, the UK’s Prime Ministerial Trade Envoy to Vietnam, and Nguyen Thi Hong, deputy chairwoman of the HCMC People’s Committee, discussed UK cooperation with the city in developing its new Central Business District, Thu Thiem.

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 $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 per cent from 2012.

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Reading Time: 1 minute

Proposed layout of the new business district in Ho Chi Minh City

The UK will help Ho Chi Minh City develop a new central business district, local media reported on February 28. David Puttnam, the UK’s Prime Ministerial Trade Envoy to Vietnam, and Nguyen Thi Hong, deputy chairwoman of the HCMC People’s Committee, discussed UK cooperation with the city in developing its new Central Business District, Thu Thiem.

Reading Time: 1 minute

Proposed layout of the new business district in Ho Chi Minh City
Proposed layout of the new business district in Ho Chi Minh City

The UK will help Ho Chi Minh City develop a new central business district, local media reported on February 28. David Puttnam, the UK’s Prime Ministerial Trade Envoy to Vietnam, and Nguyen Thi Hong, deputy chairwoman of the HCMC People’s Committee, discussed UK cooperation with the city in developing its new Central Business District, Thu Thiem.

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 $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 per cent from 2012.

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