HCM City Vice Chairman praises EU's substantial contributions to local development: Vice Chairman of the HCM CIty People’s Committee Duong Anh Duc speaks at the celebration of Europe Day 2024 held by the EU Delegation to Vietnam on May 16 evening. (Photo: VNA)

In his speech, Vice Chairman Duc said Ho Chi Minh City looks forward to favourable conditions conducive to its effective utilisation of funding sources from the bloc’s Global Gateway Strategy and Horizon Europe Programme to further strengthen economic relations with the EU and jointly achieve sustainable development goals.

He also pledged commitments to ensuring stable socio-political environments, protecting the rights and legitimate interests of investors, and facilitating long-term and effective operations of European businesses in the city.

EU Ambassador to Vietnam Julien Guerrier said the Vietnam-EU relationship is evidence of peaceful cooperation leading to a bright future. Over more than three decades, they have worked together and achieved numerous accomplishments.

HCM City Vice Chairman praises EU's substantial contributions to local development: EU Ambassador to Vietnam Julien Guerrier at the event. (Photo: VNA)

Ambassador Guerrier announced that the Just Energy Transition Partnership (JETP), coordinated by the EU and the UK, is ready to provide around 15 billion EUR to support climate change mitigation in Vietnam.

The Ambassador expressed confidence in the development of the Vietnam-EU ties, contributing to the Southeast Asian nation’s goal of becoming a developed country by 2045 and achieving net-zero emissions by 2050.