HCM City, Bulgaria boost economic cooperation

(VOVworld) – Ho Chi Minh City treasures the friendship and cooperative relations with Bulgaria and is ready to help Bulgarian businesses seek opportunities for long-term investment and business in the city.

Chairman of the municipal People’s Committee Nguyen Thanh Phong made the statement during his reception to Bulgarian Minister of Economy Bojidar Loukarsky in Ho Chi Minh city on Wednesday. Chairman Phong said he hopes Bulgarian investors will increase their presence in the city, especially in the fields of Bulgaria’s strength such as pharmacy and green development. He said HCM City hopes to cooperate with Sofia, the capital city of Bulgaria, to devise partnership plans especially in trade and investment, to realize the memorandum of understanding signed by the two cities.

Mr. Loukarsky said Sofia’s authorities and relevant agencies will carry out detailed plans of cooperation with HCM City. He expressed his support for the signing and ratification of the Free Trade Agreement between Vietnam and the European Union, as well as the recognition of Vietnam’s market economy. He added Bulgaria is willing to be a gateway to EU market for Vietnam and said he hopes that Vietnam will help Bulgaria enter the ASEAN market.

Source: VOV5