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Ho Chi Minh City
Saturday, May 18, 2024

PM calls for Chinese investment in digital transformation, green economy

The Saigon Times

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HCMC – Prime Minister Pham Minh Chinh today called for Chinese investors to expand their investments in Vietnam, specifically in digital transformation and green economy.

This appeal was made during a seminar held this morning with Chinese business executives.

In his address, the PM assured the Chinese delegation, led by Ambassador to Vietnam Xiong Bo, of Vietnam’s commitment to providing a conducive environment for investments in key areas such as innovation, green growth, digital transformation, renewable and clean energy, and smart cities.

PM Chinh also appreciated the contributions that Chinese enterprises have made to Vietnam’s economic landscape. According to a report by the Ministry of Planning and Investment, bilateral trade between Vietnam and China has grown more than fourfold over the past decade, establishing China as Vietnam’s largest supplier.

Vietnam is China’s largest trade partner within ASEAN, with bilateral trade surging to nearly US$172 billion in 2023.

China was the leading country in terms of the number of new investment projects in Vietnam last year. As of March 2024, China had had 4,418 active projects in Vietnam, with total registered capital of US$27.6 billion.

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