China Harbor Engineering Co. Ltd. (CHEC) and China Communications Construction Co. Ltd. (CCCC) conveyed their interest in undertaking Vietnam’s North-South high-speed railway project during a meeting on Thursday with Vietnamese Minister of Planning and Investment Nguyen Chi Dung.
The meeting took place on the sidelines of the third Belt and Road Forum for International Cooperation in China, according to the Ministry of Planning and Investment.
At the meeting, Bai Yinzhan, director of CHEC, a subsidiary of CCCC, noted that CCCC has operated in Vietnam since 1996 and successfully implemented 20 infrastructure and energy infrastructure projects in the Southeast Asian country, including the Hanoi-Hai Phong Expressway, Cai Mep-Thi Vai Terminal, Vinh Tan thermal power plant, and some wind power projects.
The firm hoped to take part in major infrastructure development projects in Vietnam in the future such as the North-South high-speed railway, expressways, and wind power projects, Bai said.
He pledged that CHEC would work harder to fruitfully participate in infrastructure development projects in Vietnam so that CCCC would become a true bridge of cooperation and friendship between the two countries.
In response, Minister Dung welcomed CCCC’s plan to expand investment and business activities in Vietnam.
Dung, however, also pointed out certain shortcomings in some infrastructure projects carried out by Chinese businesses in Vietnam.
The Vietnamese minister expected that CCCC, as a major contractor and a strategic investor in Vietnam, will share expertise, provide training, and transfer technology to assist Vietnam in developing and managing infrastructure effectively and sustainably, thus contributing to the two countries’ cooperation in infrastructural development.