Vietnam, China’s Hong Kong boost economic cooperation: Minister

Vietnam always rolls out the red carpet for foreign investors, including those from Hong Kong (China) to invest in Vietnam in the spirit of “harmonizing interests and sharing risks”.

Vietnam always rolls out the red carpet for foreign investors, including those from Hong Kong (China) to invest in the country in the spirit of “harmonizing interests and sharing risks”, Minister of Planning and Investment Nguyen Chi Dung said while attending the 8th Belt and Road Summit held in Hong Kong on September 13, 2023.

Vietnam, China’s Hong Kong boost economic cooperation | Business | Vietnam+ (VietnamPlus)
Participants at the 8th Belt and Road Summit held in Hong Kong, China (Photo: VNA).

Describing the Vietnam – China cooperation within the Belt and Road Initiative (BRI) as significant to bolstering regional connectivity, Dung said that his ministry and China’s National Development and Reform Commission are accelerating negotiations for the plan to connect the “Two Corridors, One Belt” initiative with the BRI.

He also underscored Vietnam’s three breakthrough strategies on institutional reform, infrastructure development, and improvement of human resources quality, adding the country is paying due heed to promoting digital transformation and green transition to achieve the target of net-zero greenhouse emissions by 2050 and become a developed nation with high income by 2045.

The minister went on to say that Hong Kong has an important role to play in connecting Vietnam with the region and many powers such as the EU and the US, especially in the fields of science-technology, innovation, finance, trade, and logistics.

Meeting with Chief Executive of the Hong Kong Special Administrative Region John Lee Ka-chiu, Dung expressed his hope that Vietnam and Hong Kong will work together to develop financial hubs while promoting innovation activities in the Southeast Asian country.

Science-technology, education-training, and labor are also potential fields for the two sides to boost cooperation, he added.

Dung said he hopes that Lee will visit Vietnam at a suitable time to study and promote investments between the two sides.

Lee, for his part, voiced his delight to see the goodwill of the two sides to enhance collaboration, pledging to create favorable conditions for businesses from the two sides to cooperate in the fields of finance and investment.

Hong Kong stands ready to invest in infrastructure development projects in Vietnam, he said, adding that his administration will consider increasing the number of scholarships for Vietnamese students under the BRI and enhancing the exchanges of excellent students.

Lee said he will arrange to visit Vietnam soon, and expects a visit to Hong Kong by Vietnamese leaders.

Dung also had working sessions with many Hong Kong businesses, including Sunwah, Swire Pacific, Jardine Matheson, Chow Tai Fook, and Messe Frankfurt.

He highlighted the positive aspects of Vietnam, with a stable political environment, sound human resources, and a good business climate, and welcomed Hong Kong’s investments in digital transformation, high technology, green finance, and logistics, among others.

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(Source: VNA)