At the signing ceremony of the MoU (Photo: VNA)

The signing of the deal was witnessed by Vo Van Hoan, Vice Chairman of the city People’s Committee, and Singaporean Ambassador to Vietnam Jaya Ratnam.
Sharing the city’s development orientations in the future, Hoan said that the city aims to become a smart and innovative city and a financial centre of the country and the region.
Its Thu Duc city is designed to be a high-tech city, he said, adding that HCM City hopes that Singaporean firms will seek investment opportunities in the city and engage in the building and development of the city.

A view of Ho Chi Minh city (Source: thanhnien.vn)

Hoan underlined HCM City defines that economic development must go along with the improvement of the sustainable growth of the city as it is facing many challenges in urban expansion, including fast construction speed, high population density, and environment pollution.
Therefore, the MoU will lay the foundation for cooperation between the two sides in an important issue of the city, and pave the way for bilateral collaboration in the future, he said.
Ambassador Jaya Ratnam noted that the relationship between Singapore and Vietnam and HCM City in particular has seen strong growth. He spoke highly of important achievements that Vietnam and the city have gained in COVID-19 prevention and control.