Credit Suisse, ASH seek investment opportunities in HCM City

Tuesday, Jul 09, 2019 17:52

A corner of HCM City. The city is expected to become a smart city in the future. — Photo VOV

Credit Suisse of Switzerland is seeking co-operation opportunities in smart urban and other infrastructure investment projects in HCM City, Urs Buchmann, vice chairman of Asia-Pacific Corporate Banking at the company, said.

Credit Suisse was one of the first banks to co-operate with Vietnamese partners in the financial area, he said.

Speaking at a meeting with the vice chairman of HCM City People’s Committee, Tran Vinh Tuyen, and the CEO of Aebi Schmidt Holding (ASH) Company, Barend Fruithof, on Monday, Buchmann said the bank has regularly helped Swiss business delegations explore the Vietnamese market since 1990.

Fruithof said that ASH has many high-tech products such as airport sanitary equipment, road cleaners and products for high-tech agriculture.

The company has shifted from selling products to providing high-tech solutions, and is focusing on developing its Asian market.

The company is interested in smart urban projects that HCM City is implementing and looks forward to seeking co-operation opportunities, according to Buchmann.

Tuyen said to solve problems such as flooding, waste and traffic jams, the city must apply technologies to management and administrative activities.

“During this period, the city wants to co-operate with businesses and conduct pilot models at hospitals and schools, then effectively replicate those models,” he said.

The city is currently building key parts for the smart and sustainable city project. It expects to co-operate with enterprises funded by Credit Suisse and will create favourable conditions for Credit Suisse to explore and participate in smart urban projects,” he added.

Tuyen said the city wanted to co-operate with partners to implement many projects, instead of using the city’s limited budget.

He will send a list of 200 projects for which the city is seeking investment capital to Credit Suisse and ASH for research.

“I expect that Credit Suisse will introduce this to European businesses, which can help develop smart urban infrastructure in the city,” he said. — VNS

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