The Forum was organized by the Foreign Investment Department, Ministry of Planning and Investment in coordination with the Chinese General Chamber of Commerce in Hong Kong; Hong Kong - Vietnam Chamber of Commerce; Guangdong - Hong Kong - Macau Greater Bay Area Alliance; Sunwah Group. Attending the Forum were Deputy Minister of Foreign Affairs Pham Thanh Binh, Vice Chairman of Lao Cai Provincial People's Committee Hoang Quoc Khanh, and representatives of relevant ministries, branches and localities of Vietnam. On the Chinese side, there were: Economic and Commercial Counselor, Chinese Embassy in Vietnam; Hong Kong Economic and Commercial Office in Singapore; representative of China Council for the Promotion of International Trade in Guangzhou; Chairman of the Chinese Business Association in Vietnam, and representatives of Associations, Trade and Investment Promotion Organizations of the Guangdong, Hong Kong and Macau Greater Bay Area; Dr. Jonathan Choi, Chairman of the Chinese General Chamber of Commerce in Hong Kong, Chairman of the Hong Kong - Vietnam Chamber of Commerce, Chairman of the Guangdong - Hong Kong - Macau Bay Area Entrepreneurs Alliance, Chairman of Sunwah Group (Hong Kong).
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| Deputy Minister Nguyen Thi Bich Ngoc speaks at the Forum. Photo: MPI |
Deputy Minister Nguyen Thi Bich Ngoc highly appreciated the Foreign Investment Agency, Ministry of Planning and Investment for coordinating with relevant parties to organize this important Forum. This event marks the next step in the economic and trade cooperation relationship between Vietnam and the Greater Bay Area - one of the most dynamic economic centers in the world. The Forum is the opening for a series of subsequent activities because Vietnam and the Greater Bay Area of Guangdong - Hong Kong - Macao (China) still have much potential and opportunities for cooperation.
Regarding Vietnam's socio-economic situation, Deputy Minister Nguyen Thi Bich Ngoc said that in 2024, Vietnam will continue to achieve important achievements. In the context of the world and domestic situation having many unusual difficulties and challenges, much more complicated than forecast, Vietnam is still proud to be a bright spot in development, maintaining a stable growth rate, and an investment and business environment highly appreciated by the international community; Vietnam is in the top 20 countries attracting FDI in the world (according to UNCTAD's assessment); currently there are investors from 143 countries and territories; the national brand is increasingly enhanced; ... continues to be assessed by the business community as an attractive investment destination and becomes an important link in the global supply chain.
Vietnam highly appreciates the impressive achievements of its partners in Guangdong, Hong Kong and Macau. The Greater Bay Area, as an innovation hub and global trade gateway, has great potential to become a partner with Vietnam. However, the cooperation results have not been commensurate with the potential and advantages of the two sides. “You have many advantages that Vietnam wishes to cooperate with, such as cooperation in the fields of high technology and innovation; infrastructure investment and logistics; trade, services and finance; green and sustainable development,” the Deputy Minister said.
Deputy Minister Nguyen Thi Bich Ngoc emphasized that Vietnam is in a very rapid preparation stage with important decisions such as strongly improving administrative procedures, improving the investment and business environment, building a streamlined, effective and efficient state apparatus; perfecting institutions and policies; and continuing to create room and space for new development to accelerate and make a breakthrough for the next stage to achieve the set target of double-digit growth in the coming period.
To achieve the set goals, Vietnam has implemented many reforms in recent times. Vietnam is implementing the construction of an international financial center in Ho Chi Minh City and a regional financial center in Da Nang City. Accordingly, Vietnam is in the process of building a legal framework to create a playground, attract financial ecosystems in these two localities; to catch up, attract strategic financial investors, financial institutions, investors to invest, do business and turn Vietnam as well as Ho Chi Minh City and Da Nang City into international and regional financial centers.
With such an approach, the Vietnamese Government will study and build institutions to approach international practices, in accordance with customs and policies that have been established for a long time in the world. Therefore, Vietnam wishes to receive international experience sharing in building a legal corridor for financial centers and when financial centers are operated according to international practices, it will be a great opportunity for investors.
Along with that, Vietnam is researching to develop free trade zones; implementing a series of strategic infrastructure projects, infrastructure for the North-South high-speed railway, airports, seaports, roads and especially human infrastructure, that is, focusing state resources to train high-quality human resources, training 50,000 engineers in the semiconductor industry; focusing on developing infrastructure for information technology, AI, technology industries of the 4.0 era... These are the pillars that the Vietnamese Government is implementing.
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| Overview of the Forum. Photo: MPI |
Deputy Minister Nguyen Thi Bich Ngoc hopes that businesses in the Guangdong-Hong Kong-Macao Greater Bay Area (China) with experience and potential in financial and technological resources will take advantage of opportunities to cooperate for development. At the same time, she affirmed that, as a strategic advisory agency on the country's development planning and planning, the Ministry of Planning and Investment is ready to accompany the business community in the Guangdong-Hong Kong-Macao Greater Bay Area to realize ideas into specific projects; and accompany in the process of investing and doing business in Vietnam.
Dr. Jonathan Choi, Chairman of the Chinese General Chamber of Commerce in Hong Kong, Chairman of the Hong Kong - Vietnam Chamber of Commerce, Chairman of the Guangdong - Hong Kong - Macau Bay Area Entrepreneurs' Alliance, Chairman of Sunwah Group (Hong Kong) thanked the evaluations and information shared at the Forum. At the same time, he said that the Forum had the participation of more than 60 delegates who are leaders of businesses in the Guangdong - Hong Kong - Macau Bay Area in various fields such as finance, investment, trade, production, manufacturing, etc. to learn about investment activities in Vietnam.
Mr. Jonathan Choi informed about the working sessions and surveys in some localities on finance and green development issues; the results of the working session with Minister of Planning and Investment Nguyen Chi Dung... Thereby showing the potential for cooperation with Vietnam as well as a strong affirmation in promoting digital transformation and green growth.
Appreciating Vietnam's potential and advantages in attracting investment such as geographical location, young and dynamic population, many advantages in production and export, Mr. Jonathan Choi expressed his belief that the issues of financial services, trade, education, agriculture, logistics will have more cooperation results in the coming time. At the same time, he emphasized the cooperation opportunities in developing high-speed railways, financial centers, and free trade zones.
On this occasion, Mr. Jonathan Choi thanked the relevant agencies of Vietnam for their support and cooperation with Sunwah Group (Hong Kong) over the past 55 years; at the same time, he affirmed that Sunwah Group will continue to uphold its responsibility and carry out investment and business activities in Vietnam. For enterprises in the Guangdong - Hong Kong - Macau Bay Area, they will continue to promote alliances, enterprises and associations to enhance cooperation between Vietnam and this business community in order to bring about more cooperation results in the coming time.
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| Photo: MPI |
At the Forum, representatives of the Foreign Investment Agency, Ministry of Planning and Investment of Vietnam; Trade Promotion Agency, Ministry of Industry and Trade of Vietnam; Leaders of the China International Trade Promotion Council in Guangzhou gave presentations to introduce the investment environment in Vietnam and investment incentives; about trade cooperation between Vietnam and the Greater Bay Area and new opportunities; about the advantages of the Guangdong - Hong Kong - Macau Greater Bay Area and the potential for cooperation in traditional and emerging industries between Vietnam and the Guangdong - Hong Kong - Macau Greater Bay Area.
The forum also heard representatives of businesses and localities share about cooperation opportunities in the fields of industrial park infrastructure, production, high technology, import-export trade, and business investment connections.
The opinions expressed at the Forum highly appreciated the investment cooperation opportunities in the coming time and affirmed to continue efforts and readiness to build a closer relationship to connect businesses, creating more opportunities for businesses of both sides to achieve breakthrough successes; contributing to further promoting the Vietnam - China investment cooperation relationship./.
Source: https://www.mpi.gov.vn/portal/Pages/2024-12-20/Dien-dan-Ket-noi-doanh-nghiep-dau-tu-thuong-mai-Vis41nvg.aspx
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