VOV.VN - Chinese investors and markets are becoming increasingly important to the Vietnam economy, most especially to the slowing manufacturing and declining crop production industries, say experts.
Prime Minister Nguyen Xuan Phuc has assured Chinese investors that the Vietnamese Government will provide the best possible conditions for them to do business in the Southeast Asian country.
About 40% of Chinese investors will select Vietnam as their next location if they plan to move investment out of China, said a survey of the Standard Chartered Bank.
(VOV) -Construction of a US$2 billion expansion of the Vinh Tan Thermal Power Plant got underway on July 18 in Binh Thuan province.
Major Chinese investors have shown growing interest in Vietnam's manufacturing sector because of the country's low labour costs and its proximity to China, according to a white paper published by the real estate consultancy firm Cushman & Wakefield.
China considers Vietnam as a market of great potential, and an important economic bridge between China and ASEAN, according to an official.