Deputy PM encourages Chinese investment into Vietnam’s transportation projects
VOV.VN - Vietnam welcomes leading Chinese corporations, including China Pacific Construction Group (CPCG) to explore investment and business opportunities in the country through large projects that reflect China’s technological development and meet Vietnam’s needs.
Such projects will contribute to realizing the common perceptions of the two countries’ top leaders in strengthening and developing the comprehensive strategic cooperation partnership between Vietnam and China in a substantive and effective manner, said Deputy Prime Minister Tran Hong Ha during his reception for CPCG General Director Wu Jing, in Hanoi on October 18.
Ha noted that both governments are interested in developing infrastructure projects that strategically connect the two countries, with a particular focus on cross-border railway connections, through building standard gauge railway lines of Lao Cai-Hanoi-Hai Phong, Dong Dang-Hanoi, and Mong Cai-Ha Long-Hai Phong.
These projects are of paramount importance to the development of both economies and to connecting Vietnam and China with other countries in the region under the ‘Belt and Road Initiative’ and contributing to building the Vietnam – China community with a shared future, he said.
The Deputy PM suggested that CPCG select appropriate Vietnamese partners to jointly design and construct projects, emphasizing technology transfer and workforce training throughout the investment process. He also reminded that the projects must demonstrate modernity and sustainability, and align with green and digital transformation trends.
“The group can share experiences it has acquired from its operations, as well as the mechanisms and policies for managing public-private partnership projects in China,” he said.
Wu for her part briefed her host on CPCG’s operations, saying the group is involved in investing, constructing, operating, and managing infrastructure, having directly participated in over 1,000 projects.
The group has recently signed a memorandum of understanding on infrastructure investment and construction over five years with the capital of Hanoi. It has also teamed up with the Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) to sign an agreement with the Hanoi Department of Transportation regarding investment projects for the Tu Lien Bridge and the Hanoi urban metro line (Line 5).
She assured her host that in Vietnam, CPCG not only focuses on investment projects but also prioritizes research, technology transfer, and workforce training.
