Ho Chi Minh City, US-based conglomerate eye partnership

Friday, 2016-03-18 04:26:49
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Chairman of the municipal People’s Committee Nguyen Thanh Phong received Shane Tedjarati, President and CEO of Honeywell Global High Growth Regions. (Credit: VNA)
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NDO/VNA – Ho Chi Minh City hopes to co-operate with Honeywell on its development project, Chairman of the municipal People’s Committee Nguyen Thanh Phong said on March 17.

He made the statement at a meeting with representatives from the US-based multinational conglomerate who were visiting the southern the city in order to seek a potential partnership.

Ho Chi Minh City targets to become a leading hub of economy, trade, science and technology in Southeast Asia, he said.

The city has been developing its infrastructure with priorities given to the construction of the urban railway network as well as to environmentally friendly projects and groundwork to prevent floods, the chairman added.

It is expecting a new wave of investment from the US, including from Honeywell in the near future, Phong said, noting that the city will do its utmost to support and facilitate foreign businesses’ investments in Vietnam.

For his part, Shane Tedjarati, President and CEO of Honeywell Global High Growth Regions, stated that Vietnam has been one of the most dynamic markets of the conglomerate with an exceptional growth rate. The group mainly provides power-sufficient energy as well as safety and security solutions in the country.

He confirmed the firm’s wish to collaborate with the city over the long term, particularly in the energy sector.

Honeywell is an American company that produces a variety of commercial and consumer goods, engineering services and aerospace systems. The firm opened its office in Vietnam in 1994 and has established relations with local partners in energy and aerospace.