Prime Minister Nguyen Xuan Phuc receives leaders of leading Chinese energy companies (Photo: VNA) Beijing (VNA) – The VietnameseGovernment creates optimal conditions for foreign businesses, including thosefrom China, especially firms that have financial and technological potential,to invest in Vietnam for mutual benefits, Prime Minister Nguyen Xuan Phuc hassaid.
PM Phuc made the pledge during his meetings on April 25 with representatives of leading businesses of China and the world in the fieldsof infrastructure, energy, and finance-technology-telecommunications.
The PM, who is in Beijing to attend thesecond Belt and Road Forum for International Cooperation, said Vietnam hasgreat demands for the development of infrastructure, energy, technology, andfinance-banking.
He told the businesspeople that during hismeeting with General Secretary of the Communist Party of China and President XiJinping earlier the same day, the two sides discussed a range of issuesregarding the promotion of Vietnam-China cooperation in the time ahead.
The bilateral cooperative ties havedeveloped strongly over the past time, he said, stressing that China hasremained Vietnam’s largest trade partner while Vietnam is China’s biggest tradepartner in Southeast Asia.
The two countries have substantial potentialfor commercial collaboration and they are big, important markets of each other,he said.
Vietnam has become an attractive destinationfor global investors, attracting 28,000 projects worth more than 350 billionUSD from 130 countries and territories across the world, PM Phuc said.
He highly valued quality and efficientprojects by Chinese investors in Vietnam. However, the leader said, theimplementation of some projects, including those in steel production andrailway building, has remained sluggish.
With a small-scale economy, Vietnam needs moreresources from the private sector, domestic and foreign enterprises under thepublic-private partnership (PPP) model and other investment forms, includingprojects within the link of the “Two Corridors, One Belt” and “Belt and Road”initiatives, PM Phuc said.
This is an opportunity for China’s good investmentprojects, he said, noting that Vietnam considers infrastructure development astrategic breakthrough and the country needs investments in road, railway andairport infrastructure.
In the sphere of energy, he said Vietnamwants to mobilise a lot of resources for the sector, particularly clean energyprojects, under the PPP form.
PM Phuc expressed his hope that Chinese technologyand telecoms companies will step up their production in Vietnam instead of onlysupplying equipment, components and spare parts.
He also showed his support for furthercooperation between the China Development Bank and Vietnam’s aviation firms toincrease flights as well as the quality of direct air services between the twocountries.
The Chinese enterprises are all in the world’s top 500 largest companies, andthey operate in the fields of railway, construction, industrial park,production of electricity and electrical equipment, insurance,telecommunications and technology. Renowned names include Alibaba, Huawei, ZTE,China Railway Construction Corporation Limited, China Energy DevelopmentHoldings Limited, China Development Bank and Ping An Insurance, many of whomhave poured investment in Vietnam.
At the meetings, Chinese corporations expressed their impression on the robustsocio-economic development of Vietnam in recent years, saying that this is agolden opportunity for foreign investors, including those from China, to boostinvestment in infrastructure, energy, telecommunications and finance andbanking in the country.
They believed that Vietnam, with the strongest economic growth in the region,will become an attractive destination for Chinese businesses, who want to stepin energy infrastructure development, wind power, solar power, smart healthcareand smart agriculture in Vietnam.
Meanwhile, telecommunications firms said they were impressed by Vietnam’s ITand telecommunications development. They spoke highly of the VietnameseGovernment’s policy to promote digital economy, the fourth industrialrevolution, and 5G technology in socio-economic development, and said that theywant to join efforts to implement the policy.-VNA
PM Phuc made the pledge during his meetings on April 25 with representatives of leading businesses of China and the world in the fieldsof infrastructure, energy, and finance-technology-telecommunications.
The PM, who is in Beijing to attend thesecond Belt and Road Forum for International Cooperation, said Vietnam hasgreat demands for the development of infrastructure, energy, technology, andfinance-banking.
He told the businesspeople that during hismeeting with General Secretary of the Communist Party of China and President XiJinping earlier the same day, the two sides discussed a range of issuesregarding the promotion of Vietnam-China cooperation in the time ahead.
The bilateral cooperative ties havedeveloped strongly over the past time, he said, stressing that China hasremained Vietnam’s largest trade partner while Vietnam is China’s biggest tradepartner in Southeast Asia.
The two countries have substantial potentialfor commercial collaboration and they are big, important markets of each other,he said.
Vietnam has become an attractive destinationfor global investors, attracting 28,000 projects worth more than 350 billionUSD from 130 countries and territories across the world, PM Phuc said.
He highly valued quality and efficientprojects by Chinese investors in Vietnam. However, the leader said, theimplementation of some projects, including those in steel production andrailway building, has remained sluggish.
With a small-scale economy, Vietnam needs moreresources from the private sector, domestic and foreign enterprises under thepublic-private partnership (PPP) model and other investment forms, includingprojects within the link of the “Two Corridors, One Belt” and “Belt and Road”initiatives, PM Phuc said.
This is an opportunity for China’s good investmentprojects, he said, noting that Vietnam considers infrastructure development astrategic breakthrough and the country needs investments in road, railway andairport infrastructure.
In the sphere of energy, he said Vietnamwants to mobilise a lot of resources for the sector, particularly clean energyprojects, under the PPP form.
PM Phuc expressed his hope that Chinese technologyand telecoms companies will step up their production in Vietnam instead of onlysupplying equipment, components and spare parts.
He also showed his support for furthercooperation between the China Development Bank and Vietnam’s aviation firms toincrease flights as well as the quality of direct air services between the twocountries.
The Chinese enterprises are all in the world’s top 500 largest companies, andthey operate in the fields of railway, construction, industrial park,production of electricity and electrical equipment, insurance,telecommunications and technology. Renowned names include Alibaba, Huawei, ZTE,China Railway Construction Corporation Limited, China Energy DevelopmentHoldings Limited, China Development Bank and Ping An Insurance, many of whomhave poured investment in Vietnam.
At the meetings, Chinese corporations expressed their impression on the robustsocio-economic development of Vietnam in recent years, saying that this is agolden opportunity for foreign investors, including those from China, to boostinvestment in infrastructure, energy, telecommunications and finance andbanking in the country.
They believed that Vietnam, with the strongest economic growth in the region,will become an attractive destination for Chinese businesses, who want to stepin energy infrastructure development, wind power, solar power, smart healthcareand smart agriculture in Vietnam.
Meanwhile, telecommunications firms said they were impressed by Vietnam’s ITand telecommunications development. They spoke highly of the VietnameseGovernment’s policy to promote digital economy, the fourth industrialrevolution, and 5G technology in socio-economic development, and said that theywant to join efforts to implement the policy.-VNA
VNA
