HCM City, Guangdong look to stronger trade, investment ties
Vietnam’s southern largest economic hub of Ho Chi Minh City and China’s Guangdong province hold a wide range of potentials for stronger trade and investment ties.
HCM City (VNA) – Vietnam’s southern largest economic hub of Ho Chi Minh City andChina’s Guangdong province hold a wide range of potentials for stronger tradeand investment ties, participants remarked at a conference held in the city onAugust 18.
Chu Tien Dung,Chairman of the HCM City Enterprises Association, said economic relationsbetween Vietnam and China have been developing positively, laying an importantfoundation for HCM City’s businesses and their partners in Guangdong to step uptrade and investment cooperation in the coming time.
HCM City wantsto increase two-way trade value with Guangdong as the city has a lot ofadvantages in producing electronic equipment and components, wood and woodenfurniture, agricultural and aquatic products, garments and textiles.
Meanwhile, Guangdongenterprises have opportunities to export advanced machinery as well asmaterials used in agricultural and industrial production to the Vietnamesemarket.
Le Thi QuynhMai, Deputy Director of the municipal Department of Planning and Investment,said the city wants to cooperate with foreign partners, including those from Guangdong,to develop key industrial sectors, supporting industry, infrastructure, andgreen and renewable energy.
She stressedthat the municipal authorities are working hard to improve the local business andinvestment climate by accelerating administrative reform and offering tax andland incentives.
Wen Zhi Yao, generalsecretary of the Guangdong trade promotion association, said Vietnam is anemerging market in Southeast Asia, with various advantages such as steady economicgrowth, increasing consumption demand, young population, low-cost workforce andrapid development of IT.
These potentialshave turned Vietnam into an attractive destination for Chinese investors toexpand their business and investment, he stressed.-VNA
Ho Chi Minh City and China’s Guangdong province boast numerous opportunities for cooperation as both share many common interests and hold economic importance to their respective countries.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
Illustrative photo (Source: VNA) 
