Vietnam rolls out red carpet for Chinese investors
Updated : Monday, November 05, 2018 11:04 AM (GMT+0700)

TheVietnamese Government always welcomes Chinese firms to land investments in thecountry, Prime Minister Nguyen Xuan Phuc has affirmed.

Prime Minister Nguyen Xuan Phuc shakes hands with leaders of major Chinese groups at a
meeting on November 4 - Source: VNA

He made the statement whilehosting a reception for leaders of major Chinese groups operating in finance,construction and infrastructure development on November 4 as part of his visitto China to attend the first International Import Expo of China (CIIE 2018) onNovember 4-5.

PM Phuc spoke highly of theChinese corporations’ business achievements in China and many foreigncountries.

The Chinese businessmen laudedVietnam’s socio-economic development while affirming that they will continueinvestment and business expansion in finance, insurance, banking, energy andtransport infrastructure in Vietnam. 

They expressed their hope thatthe Vietnamese Government and relevant authorities will create favourableconditions for them to participate in large projects in the country.

Vice Chairman of Ping An TrustSong Chengli said that his corporation holds strengths in finance, insurance,banking and investment with total asset of 6 trillion yuan (870 billion USD).

The group is in the world’stop 500 enterprises and ranks 7th among the global leading financial giants, hesaid, adding that he is interested in Vietnam’s mechanisms in protectingforeign financial firms who join Vietnamese market, especially those investingin local credit organisations.

Chairman of China GreenlandZhang Yuliang expressed his pleasure to meet PM Phuc in Shanghai, saying thathis firm has cooperated with many great groups in the world and it has a totalasset worth 150 billion USD. 

He said that Vietnam is apotential market with great cooperation opportunities, especially inagriculture, adding Vietnamese farm produce and food are also positivelywelcomed in the Chinese market. 

For his part, PM Phuc spokehighly of these groups’ plans to invest and expand investment in Vietnam.

He applauded the fields thatChinese firms want to pour cash into Vietnam, including agriculture, foodproduction, finance and transport infrastructure development. 

The PM asked representativesfrom Vietnamese ministries and sectors to collect opinions and proposals fromChinese firms and then arranging working sessions to discuss how to realisetheir business ideas.

With its current developmentpace, from now to 2020, Vietnam needs 25 billion USD per year forinfrastructure development, PM Phuc said, noting that this is a promising landfor international investors, including China, to cultivate, as it is one ofVietnam’s priorities in the country’s socio-economic development.

He expressed his hope thatChinese firms will further promote imports of Vietnamese agro-forestry-fisheryproducts in the coming time.


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