PM calls for Chinese engagement in infrastructure development projects

Prime Minister Pham Minh Chinh welcomes a delegation of leaders from 18 major Chinese enterprises of the Zhang and Yan clans in Hanoi on December 9. (Photo: VNA)

He highlighted the significant progress in bilateral relations, recognising the contributions by the business community of China to this result.

He noted that trade between the two countries has quadrupled over the past decade, making China the largest import market of Vietnam and Vietnam the largest ASEAN trading partner of China.

Chinese investment in Vietnam has also surged sevenfold, with China now ranking sixth among 146 investment partners in the Southeast Asian country. In 2023 and the first 11 months of 2024, it became the leading source of new investment projects in Vietnam, he said.

The PM underscored that as a transitional economy, Vietnam is focusing on three strategic breakthroughs, including developing infrastructure, particularly transport infrastructure.

He invited the China Pacific Construction Group to explore involvement chances in key projects, including the Tu Lien Bridge, the Hanoi metro line of Van Cao - Ngoc Khanh - Lang - Hoa Lac, a metro line connecting Tan Son Nhat and Long Thanh international airports, and cross-border rail and road projects such as Lao Cai - Hanoi - Hai Phong and Lang Son - Hanoi with suitable forms and methods.

At the meeting, Chinese business leaders expressed their delight about Vietnam's potential for collaboration, citing its strategic location, growing economy, favourable investment climate, and increasingly modernised infrastructure. They highlighted their interests in sectors such as construction, energy, trade, real estate, electrical equipment, electronics, environment, health, biology, chemical, new materials, and farm produce.

Yan said the Pacific Construction Group and other Chinese firms, with their capacity and experience, are keen on engaging in infrastructure development projects in Vietnam. He emphasised their commitment to implementing best-quality projects in Vietnam, describing the country as a "second home" for the enterprises.

Recognising Yan and Chinese business leaders’ proposals, Chinh said that he will direct relevant ministries and localities to support them to address their issues.

Noting that Vietnam is interested in exploiting and developing the outer, sea, and underground spaces, he encouraged Chinese firms to expand their cooperation to the areas of their strength and Vietnam's demand such as innovation, green development, renewable energy, smart city building, manufacturing industry, and digital transformation, especially emerging industries such as artificial intelligence, semiconductors, cloud computing, and internet of things, while participating in building cross-border cooperation zones, upgrading international border gates, and piloting smart border gates.

Stressing the motto of understanding, vision and action sharing, working and winning together, and benefiting together for common development, the Vietnamese Government leader expressed confidence that the Chinese firms will grasp more successes in Vietnam and further thrive.