(MPI) - Minister of Planning and Investment Nguyen Chi Dung hold a working session in Hanoi on December 18 with the China’s Guangdong - Hong Kong - Macao Greater Bay Area (GBA) Entrepreneurs Alliance led by Jonathan Choi, Chairman of the GBA Entrepreneurs Alliance, Chairman of the Chinese General Chamber of Commerce (CGCC) and Chairman of the Hong Kong - Vietnam Chamber of Commerce.

At the reception. Photo: MPI

Minister Dung applauded the GBA for their successful and effective business activities in Vietnam, contributing significantly to Vietnam’s socio-economic development of Vietnam and promoting bilateral trade and investment cooperation.

He said that Vietnam has passed resolutions on the investment policy for the North-South high-speed railway project, restart of the nuclear power project, establishment of international financial centers in Ho Chi Minh City and Da Nang, as well as construction of urban railways in Hanoi and Ho Chi Minh City. At the same time, the country is striving to complete the 2024 socio-economic development goals in 2024 and achieve higher growth rates for 2025 and the 2026-2030 period.

For his part, Choi remarked that the visit of the delegation of 60 business leaders and experts from the alliance aims to learn about the investment environment and cooperation opportunities in Vietnam. He also noted that Sunwah Group, operated in Vietnam since 1970, will continue to make utmost efforts to increase investment cooperation in the coming time.

Congratulating Vietnam on having various development targets, Choi highly appreciated its new policies in infrastructure development and expressed his hope for continued opportunities for the GBA to invest effectively in the country.

At the meeting, representatives of the GBA in the fields like international financial center development, industry, information technology, trade, green production and sustainable development outlined investment potentials as well as heard about Vietnam’s priorities for development and policies to support foreign investors.

According to Minister Dung, Vietnam focuses on selectively attracting foreign investments, strengthening linkages between FDI domestic economic sectors, and promoting public-private partnership to advance the development of digital economy, green economy, circular economy, knowledge economy, and sharing economy.

The Government of Vietnam always encourages foreign investors, including those from China, to invest in the fields of their strengths and Vietnam’s demands such as infrastructure development, green development, innovation, renewable energy, manufacturing, smart cities, and hi-quality agriculture.

The minister suggested businesses from the alliance to expand investment, invest in new projects, and become a bridge to connect other business seek cooperation opportunities in Vietnam.

He urged them strengthen connection between innovative businesses, cooperate in developing human resources in the semiconductor industry, and helping Vietnam realize the goals of green production and achieving net-zero emission by 2050.

Vietnam is entering a new era with various opportunities for investors, including those from Guangdong - Hong Kong - Macao. Minister Dung called on businesses to explore, invest and transfer technology for Vietnam; affirmed that his ministry will create all favorable conditions for businesses in general, and those from Guangdong - Hong Kong - Macao in particular to do business successfully and sustainably in Vietnam./.

Bao Linh

Ministry of Planning and Investment