Prime Minister Nguyen Xuan Phuc shakes hands with leaders of major Chinese groups at a meeting on November 4 (Source: VNA) Shanghai (VNA) – The Vietnamese Government always welcomes Chinesefirms to land investments in the country, Prime Minister Nguyen Xuan Phuc hasaffirmed.
He made the statement while hosting a reception for leaders of major Chinesegroups operating in finance, construction and infrastructure development onNovember 4 as part of his visit to China to attend the first InternationalImport Expo of China (CIIE 2018) on November 4-5.
PM Phuc spoke highly of the Chinese corporations’ business achievements inChina and many foreign countries.
The Chinese businessmen lauded Vietnam’s socio-economic development whileaffirming that they will continue investment and business expansion in finance,insurance, banking, energy and transport infrastructure in Vietnam.
Theyexpressed their hope that the Vietnamese Government and relevant authoritieswill create favourable conditions for them to participate in large projects inthe country.
Vice Chairman of Ping An Trust Song Chengli said that his corporation holdsstrengths in finance, insurance, banking and investment with total asset of 6trillion yuan (870 billion USD).
The group is in the world’s top 500 enterprises and ranks 7th amongthe global leading financial giants, he said, adding that he is interested inVietnam’s mechanisms in protecting foreign financial firms who join Vietnamesemarket, especially those investing in local credit organisations.
Chairman of China Greenland Zhang Yuliang expressed his pleasure to meet PMPhuc in Shanghai, saying that his firm has cooperated with many great groups inthe world and it has a total asset worth 150 billion USD.
Hesaid that Vietnam is a potential market with great cooperation opportunities,especially in agriculture, adding Vietnamese farm produce and food are alsopositively welcomed in the Chinese market.
For his part, PM Phuc spoke highly of these groups’ plans to invest and expandinvestment in Vietnam.
He applauded the fields that Chinese firms want to pour cash into Vietnam,including agriculture, food production, finance and transport infrastructuredevelopment.
The PM asked representatives from Vietnamese ministries and sectors to collectopinions and proposals from Chinese firms and then arranging working sessionsto discuss how to realise their business ideas.
With its current development pace, from now to 2020, Vietnam needs 25 billionUSD per year for infrastructure development, PM Phuc said, noting that this isa promising land for international investors, including China, to cultivate, asit is one of Vietnam’s priorities in the country’s socio-economic development.
He expressed his hope that Chinese firms will further promote imports ofVietnamese agro-forestry-fishery products in the coming time.-VNA
VNA
