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Wednesday, October 16, 2024

Chinese firms keen on high-speed rail, energy projects in Vietnam

The Saigon Times

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HCMC – Chinese businesses have shown interest in Vietnam’s infrastructure and energy sectors, particularly in the high-speed rail line connecting the country’s north and south with a maximum speed of 350 km per hour.

Speaking at the Vietnam-China Business Forum on October 13, Chinese Premier Li Qiang highlighted opportunities for collaboration in high-speed rail, renewable energy, and urban infrastructure.

Chinese companies expressed a willingness to participate in Vietnam’s North-South high-speed rail project and urban rail systems that could strengthen connectivity between the two countries.

“China’s expertise in renewable energy, including wind and solar power, could support Vietnam’s energy transition,” Li said. He also pointed to electric vehicle production as another key area for potential cooperation.

Vietnamese Prime Minister Pham Minh Chinh acknowledged that Chinese investment in Vietnam had not yet reached its full potential. He called for stronger business ties to enhance economic cooperation between the two nations.

Both sides agreed to explore further opportunities in areas such as smart city development, data centers, and e-commerce, aiming to foster sustainable growth.

Vietnamese businesses also urged both governments to provide more support in facilitating financial and technological collaboration, particularly in key infrastructure projects.

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