Vietnam welcomes Chinese investment in smart urban development: Deputy PM
VOV.VN - Deputy Prime Minister Nguyen Chi Dung has affirmed Vietnam’s readiness to support Chinese businesses investing in smart urban development, calling for cooperation in pilot projects, technology transfer, and human resource training.
Deputy Prime Minister Nguyen Chi Dung received Fung Wai Ka Thomas, Director of CCC Infrastructure, and Lai Rong Huo, Chairman of Hero Group (Shenzhen, China) in Hanoi on July 16.
Deputy PM Dung welcomed the companies’ interest and plans to invest and do business in Vietnam, particularly in the area of smart urban development.
He noted that Vietnam has introduced policies to develop smart urban chains, with centrally run cities serving as the core. Businesses are encouraged to engage in various areas, such as providing financial and technical support for pilot projects; cooperating on research and technology transfer for urban management; and training human resources. In addition, companies may directly invest in smart urban projects in potential localities, starting with pilot models at the commune or ward level.
Deputy PM Dung also emphasized that the Government has decentralized authority to localities. Enterprises should work directly with local authorities for guidance, project development, and compliance with legal regulations. The Government stands ready to support and create the most favorable conditions for Chinese enterprises in general, and for CCC Infrastructure and Hero Group in particular, to do business effectively in Vietnam.
Founded in 2000 and headquartered in Hong Kong, CCC Infrastructure is a leading provider of market research, investment consulting, asset portfolio management, and financial services.
Hero Group, based in Shenzhen, is a diversified real estate enterprise specializing in smart and sustainable urban development. The group currently operates 20 affiliated companies in major cities across China.
CCC Infrastructure Director Fung Wai Ka Thomas expressed interest in carrying out real estate projects in Vietnam, particularly smart urban developments in Bac Ninh province and Tay Ninh province (formerly Long An). Hero Group and CCC also wish to invest in high-quality industrial parks across various Vietnamese provinces and cities, and are seeking support from the Government in exploring investment opportunities in the time ahead.
Chinese investment into Vietnam on the upswing
VOV.VN - China is continuing to increase its investment into Vietnam as it strives to get the lion’s share of the dynamically developing economy.
