Strengthening Vietnam-China Economic Ties

In a significant move to bolster Vietnam-China relations, Vietnamese Prime Minister Pham Minh Chinh recently engaged with Chinese enterprises in Hanoi. The dialogue focused on enhancing technology transfer and investment in key sectors to integrate Vietnamese firms into the global value chain.

Investment in Emerging and Traditional Sectors

PM Chinh emphasized the importance of investing in both traditional and emerging sectors. He highlighted areas such as semiconductor technology, artificial intelligence, and renewable energy as pivotal for future growth. The call for increased investment in infrastructure, including railways and airports, was also a key point of discussion.

Commitment to a Pro-Business Climate

Vietnam's commitment to creating a favorable business environment was reiterated, with assurances of equal policy access and the protection of enterprises' rights. The PM's vision of 'harmonizing interests and sharing risks' aims to balance the benefits for the state, businesses, and citizens.

Looking Ahead

With Vietnam targeting an 8% growth rate this year, the collaboration between Vietnamese and Chinese enterprises is crucial. The dialogue concluded with a focus on realizing high-level agreements through specific projects, celebrating 75 years of diplomatic relations.

Chinese Ambassador He Wei and participating firms praised Vietnam's investment climate and growth potential, expressing interest in expanding investments across various sectors, including urban development and renewable energy.