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Vietnam Party chief seeks Chinese investment for sustainable development

Vietnam Party chief seeks Chinese investment for sustainable development

Sunday, January 15, 2017, 10:19 GMT+7

General Secretary of the Communist Party of Vietnam Nguyen Phu Trong has called on Chinese businesses to boost their investment in the Southeast Asian country for sustainable development, according to the Vietnam News Agency.

Within the framework of his official visit to China scheduled for January 12 to 15, the Vietnamese Party chief convened a meeting on Saturday morning with leaders of Chinese businesses that are operating in Vietnam, including Huaxia Group, China Construction Bank, Sunshine Kaidi New Energy Group Co., Ltd, and China Orient Asset Management Corporation. 

He praised the enterprises for their strong development not only in China but also in the international market, affirming that Vietnam is willing to create the best possible conditions for foreign investors, including those from China, to do business in the country. 

Vietnam currently needs more resources, capital, and management experience during its process of industrialization, modernization, and integration, General Secretary Trong remarked.

The Vietnamese leader expressed his hope that businesses from China would continue investing in Vietnam with modern and environment-friendly technology for the ultimate goal of sustainable development.

He asked the Chinese investors to utilize the labor force in Vietnam and assist the country in training high-quality human resources.

The effective operations of Chinese firms in Vietnam will contribute significantly to the enhancement of the two nations’ cooperation and friendship, Trong stated.

Zhao Hong Jing, chairman of Huaxia Group, said his firm always favors investment in high-tech fields in the Public-Private (PP) Partnership form. 

Specializing in construction, industry, and urban development, Huaxia is investing in industrial city projects in Hanoi and the southern Vietnamese province of Dong Nai. 

Wang Hong Zhang, chairman of the management board of China Construction Bank, aired the intention to expand services at his branch in Ho Chi Minh City in order to make more contributions to Vietnam’s economic development, as well as trade and investment links between Vietnam and China. 

Following the meeting, the general secretary met with staff members of the Embassy of Vietnam in China and the Vietnamese community in Beijing, before paying a visit to Zhejiang Province later the same day.

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