Leading Chinese enterprises attach great importance to the Vietnamese market

Over the past 10 years, trade between the two countries has increased more than 4 times, making China Vietnam’s largest import market, Vietnam is China’s largest trade partner in ASEAN (trade turnover). Bilateral trade in 2023 will reach nearly 172 billion USD)….

*Prime Minister Pham Minh Chinh chaired a discussion with typical Chinese businesses in the field of green economic development and digital economy.*

On the morning of May 14, at the Government Headquarters, Prime Minister Pham Minh Chinh chaired a discussion with typical Chinese businesses in the field of green economic development and digital economy.

At the seminar, the Ministry of Planning and Investment reported on the situation of foreign investment and Vietnam’s investment environment; investment situation of Chinese enterprises in Vietnam; attracting Chinese businesses to invest in Vietnam.

Chinese investment in Vietnam has increased more than 7 times, China has become the 6th largest investor out of 146 investment partners of Vietnam. In 2023, investment cooperation will have a breakthrough, China has risen to become the leading partner in the number of new investment projects in Vietnam (as of March 2024, China has 4,418 projects). still valid with total registered capital of more than 27.6 billion USD).

Prime Minister Pham Minh Chinh affirmed that the Vietnamese Government always encourages Chinese businesses to expand cooperation and increase investment in areas where China has strengths and Vietnam has high needs and priorities, such as innovation. innovation, green growth, digital transformation, renewable energy, clean energy, smart cities, high-quality manufacturing industry, construction of road and rail transport infrastructure, healthcare, education …, building and implementing specific cooperation projects within the framework of established bilateral cooperation mechanisms and multilateral cooperation mechanisms in which both sides participate.

In particular, the Prime Minister hopes that large, capable and reputable Chinese enterprises will cooperate to soon have large, high-tech projects that represent China’s level of development and are suitable for the country’s development needs. Vietnam’s needs, applying sustainable business models in the fields of green economy, digital economy, knowledge economy, circular economy, sharing economy, creating conditions for Vietnamese businesses to participate in Participate in the value chain and supply chain of corporations, regionally and globally.

The Prime Minister also proposed continuing to promote the connection between the two economies to soon concretize and realize the agreements of the two countries’ senior leaders, especially the construction of cross-border railways and roads. Promote the construction of cross-border cooperation zones, accelerate the opening and upgrading of a number of agreed border gate pairs, pilot smart border gates, promote the digitalization of trade activities, and contribute to implementing currently advocates building a border of peace, friendship, cooperation and development; Continuing to facilitate increased bilateral trade, China expands imports of Vietnamese goods, agricultural and aquatic products, and high-quality goods.

The Prime Minister emphasized that the Vietnamese Government is committed to always listening, continuing to accompany, support and create favorable conditions for foreign businesses in general and Chinese businesses to invest and do business effectively and for a long time. long and sustainable in Vietnam, investors’ success is also Vietnam’s success.

Chinese Ambassador Hung Ba and representatives of Chinese businesses thanked the Prime Minister for taking the time to attend the discussion. This event shows the Vietnamese side’s high regard for strengthening economic, trade and investment cooperation with China. The delegates completely agreed with the contents mentioned by the Prime Minister, appreciating the Prime Minister’s message about “harmonious benefits, shared risks”.

Leading Chinese businesses affirm that they attach great importance to the Vietnamese market; Vietnam’s investment and business environment is increasingly improving with correct and appropriate development orientations and strategies, especially in the digital economy, green economy, and emerging fields; impressed with Vietnam’s dynamic, rapid development and socio-economic achievements.

Announcing major directions, plans, projects, and specific cooperation partners in the coming time, businesses affirmed to continue expanding cooperation and investment in Vietnam, wishing for a long-term relationship. Actively participate in Vietnam’s modernization and industrialization process, believe strongly and firmly in investment and business cooperation opportunities with Vietnam, on the basis of increasingly strong and effective relations. many unique conditions and advantages of cooperation between the two countries.

Ambassador Hung Ba emphasized that the Chinese side encourages more and more businesses with real capacity, technology, and reputation to actively participate in areas of cooperation according to the directions mentioned by the Prime Minister.

vneconomy.vn