Credit Suisse of Switzerland is seeking cooperation opportunities in smart urban and other infrastructure investment projects in HCM City, Urs Buchmann, vice chair of Asia-Pacific Corporate Banking at the company, said.
Credit Suisse was one of the first banks to cooperate with Vietnamese partners in the financial area, he said.
Speaking at a meeting with the vice chair 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 cooperation 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 cooperate 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 cooperate 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 cooperate with partners to carry out 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.
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