On June 13, 2025, the Vietnam - Guangdong - Hong Kong - Macau Greater Bay Area 2025 Business Connection Forum took place in Hanoi , marking an important milestone in promoting sustainable and long-term cooperation between Vietnam and the Guangdong - Hong Kong - Macau Greater Bay Area.
This is one of the main events within the framework of the visit and work of the Delegation of more than 70 government representatives and business members of Associations and large enterprises from Hong Kong and the Hong Kong - Guangdong - Macau Greater Bay Area (China) to Vietnam from June 11-14, 2025 led by Dr. Jonathan Choi, Chairman of the Chinese General Chamber of Commerce in Hong Kong (CGCC), Chairman of the Guangdong - Hong Kong - Macau Bay Area Entrepreneurs Alliance (GBA Alliance), Chairman of the Hong Kong - Vietnam Chamber of Commerce (HKVCC).
At the event, Deputy Minister of Finance Tran Quoc Phuong welcomed cooperation opportunities in the coming time, especially between Vietnam and the Guangdong - Hong Kong - Macau Greater Bay Area.
By the end of May 2025, China had 5,543 valid investment projects in Vietnam, with a total registered capital of 32.85 billion USD, ranking 6th among the countries and territories with the largest investment in Vietnam. Many large Chinese corporations, including enterprises from Hong Kong, Guangdong, Shenzhen, etc., have invested effectively in the fields of electronics manufacturing, logistics, clean energy, industrial infrastructure, finance and technology.
In terms of trade, China is Vietnam's largest trading partner. In 2024, the export turnover between the two countries reached 205.2 billion USD, marking a record high in two-way trade. Compared to 2023, it increased by 33.3 billion USD. With this result, China has become the first trading partner with which Vietnam has established a scale of over 200 billion USD.
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| Deputy Minister of Finance Tran Quoc Phuong welcomed future cooperation opportunities between Vietnam and the Guangdong - Hong Kong - Macau Greater Bay Area. |
“From a supply chain perspective, China – especially the Greater Bay Area – plays an important role in the global value chain. Meanwhile, Vietnam is emerging as a new manufacturing hub in the region, with an increasingly synchronous infrastructure system, a quality workforce, and comprehensive integration with over 60 economies through 17 free trade agreements. This is an ideal condition for the two economies to complement each other,” said Deputy Minister Tran Quoc Phuong.
According to the Foreign Investment Cooperation Strategy to 2030, Vietnam prioritizes attracting investment projects: High added value, high technology, associated with digital transformation; Environmentally friendly, promoting green transformation; Deeply participating in the global supply chain; And contributing to infrastructure development, supporting industry, finance - technology.
The Deputy Minister said that in order to contribute to promoting comprehensive, quality and effective economic cooperation with a focus on investment and trade, the Vietnamese Ministry of Finance commits to: Continuing to implement a proactive, flexible and effective fiscal policy, in harmony with monetary policy, to maintain macroeconomic stability, sustainable development, control inflation, and ensure major balances of the economy ; Promoting administrative procedure reform in the fields of tax and customs, modernizing public investment management and public finance by applying digital technology, to reduce costs, time and improve transparency and convenience for investors; Continue to improve the legal framework to improve the investment environment to promote cooperation, attract foreign investment effectively and sustainably, while developing the financial market, capital market, developing a stable, healthy and transparent stock market and insurance market, enhancing the ability to mobilize medium and long-term capital for the economy, supporting businesses to access capital effectively; Strengthen bilateral and multilateral financial cooperation with the Greater Bay Area, share experiences in public financial policies, coordinate to promote green finance, budget transparency and financial digital transformation.
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| Dr. Jonathan Choi, Chairman of the Chinese General Chamber of Commerce in Hong Kong, Chairman of the Guangdong – Hong Kong – Macau Bay Area Entrepreneurs Association, Chairman of the Hong Kong – Vietnam Chamber of Commerce, Chairman of Sunwah Group spoke at the event. |
On the side of the Guangdong - Hong Kong - Macau Greater Bay Area Entrepreneurs Alliance, Dr. Jonathan Choi affirmed that with its outstanding growth rate and digital economic orientation, Vietnam is the top priority destination for large Bay Area enterprises in their strategy to expand into the Southeast Asian market. This event connecting investment and trade enterprises continues to strengthen the strong belief of the Guangdong - Hong Kong - Macau Greater Bay Area in the potential Vietnamese market. He also affirmed that, with its strategic location and abundant economic strength, this region can contribute significantly to the strong development of Vietnam in the near future.
At the event, Mr. Jesse Choi, Board Member, CEO of Sunwah Group (Hong Kong) ASEAN region presented about Sunwah's 50-year journey of development in Vietnam and said he is ready to play the role of a bridge to promote cooperation between partner businesses from the Greater Bay Area to invest and do business in Vietnam.
Coming from the Hong Kong Economic and Trade Office in Singapore, Mr. Melvin Lee analyzed the financial technology (Fintech) ecosystem in Hong Kong and said that Vietnam can learn from the experience of the Financial Center in Hong Kong in the process of building an international financial center. In the context that Vietnam is strongly promoting the construction of international financial centers, this is considered an important content for the Greater Bay Area to strengthen cooperation with Vietnam in this financial investment field.
Within the framework of the Forum, other Associations and enterprises of Vietnam and China shared with each other about business development orientations, cooperation needs in the coming time as well as potentials that businesses of both sides can exploit further, especially in the fields of: High technology and digital transformation, import-export trade, and business investment connection.
Source: https://baodautu.vn/that-chat-hop-tac-dau-tu-voi-vung-vinh-lon-quang-dong---hong-kong---ma-cao-d303514.html
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