Prime Minister asks PowerChina to support Vietnam in developing railway industry

On the morning of May 21, at the Government Office, Prime Minister Pham Minh Chinh received Mr. Chau Gia Nghia, President of Asia- Pacific of Power Construction Corporation of China (PowerChina) and a group of contractors and cooperation partners in Vietnam.

Congratulating and appreciating the technological and business achievements of PowerChina Group globally as well as its activities in Vietnam, Prime Minister Pham Minh Chinh emphasized that Vietnam and China are two friendly neighboring countries, "both comrades and brothers," comprehensive strategic cooperative partners, and are building a "Community of Shared Future," which is a favorable environment, a good foundation and an opportunity for businesses of the two countries to strengthen substantive and mutually beneficial cooperation.

The Prime Minister said that Vietnam is focusing on implementing three strategic breakthroughs, including breakthroughs in infrastructure development, including transport infrastructure, energy infrastructure, digital transformation infrastructure, including infrastructure connecting with China.

Therefore, the Prime Minister hopes that PowerChina Group will strengthen cooperation with Vietnamese partners in the fields of clean energy, strategic infrastructure, especially standard gauge railways and urban railways, including the Hai Phong-Hanoi-Lao Cai railway to connect with Kunming-Chongqing and to European countries.

PowerChina Group's Asia-Pacific Chairman Chau Gia Nghia expressed his gratitude and honor to be received by Prime Minister Pham Minh Chinh, as well as the trust that the Government and Prime Minister have placed in PowerChina over the past time.

Mr. Chau Gia Nghia said that PowerChina currently operates in more than 130 countries, in five main areas: water conservancy-hydropower, electric power, urban infrastructure, mining and digitalization; in 2024, revenue will reach more than 100 billion USD, ranking 108th in the 500 largest enterprises in the world.

PowerChina has been present in Vietnam since 2000, participating in the construction of more than 100 energy projects, infrastructure projects, seaports...

In 2024, PowerChina signed a Memorandum of Understanding with FECON Joint Stock Company, Lung Lo Construction Corporation, Song Da Corporation-JSC, Thang Long Corporation-JSC to establish the CVRail Consortium to jointly research and participate in key national railway projects. The total revenue value in 2024 of Vietnamese companies in the Consortium is about 22,000 billion VND.

With experience in participating in and constructing a total length of more than 2,000 km of railways in China, Laos, and Indonesia, PowerChina hopes and requests the Government to support and create conditions for PowerChina to cooperate with 4 Vietnamese enterprises to participate in implementing railway projects in Vietnam, first of all the Lao Cai-Hanoi-Hai Phong railway, demonstrating its commitment to ensuring progress, quality and effective cost control for the project; sharing technical and management experience with Vietnamese partners.

As the 7th largest contractor in the world in the energy sector, PowerChina Group wishes to continue to cooperate and invest in developing renewable energy in Vietnam and other infrastructure sectors.

The Prime Minister welcomed PowerChina's cooperation plan with Vietnamese partners; expressed support for the Group's investment and business policy in Vietnam in the railway sector and reiterated that China has cooperated and supported Vietnam in many fields, with many projects still being effective.

The Prime Minister said that Vietnam encourages large, reputable Chinese corporations and enterprises to invest and develop in the fields of railway infrastructure in Vietnam, first of all the Lao Cai-Hanoi-Hai Phong railway.

The Prime Minister proposed that PowerChina cooperate and support Vietnam in developing the railway industry, transferring science and technology, training high-tech human resources, management science, and operational solutions in the railway sector...

Prime Minister Pham Minh Chinh stated that Vietnam has just issued resolutions on breakthroughs in science and technology development, innovation, digital transformation and private economic development, with many open and preferential mechanisms and policies; requested PowerChina Group to support Vietnamese enterprises to participate in PowerChina's global supply chain; transfer technology to enterprises such as Viettel, Vietnam National Energy Industry Group, especially technology for manufacturing wind engines (turbines), manufacturing solar panels; cooperate with Vietnamese enterprises such as Lung Lo, Song Da to survey and develop energy projects, especially wind power in the northern provinces of Vietnam.

With a long-term vision, thinking deeply and doing big, Prime Minister Pham Minh Chinh hopes that PowerChina, through Vietnamese enterprises, will expand its market to countries in Southeast Asia and other regions where Vietnam plays a role.

Prime Minister Pham Minh Chinh affirmed that with the motto of "harmonized benefits, shared risks", considering the success of enterprises as the success of Vietnam, the Government and ministries, branches and localities of Vietnam always accompany, support, protect and ensure the legitimate and legal rights and interests of foreign investors, including PowerChina Group and Chinese enterprises in implementing investment, operating successful, effective, mutually beneficial projects and complying with Vietnamese laws.

(According to Vietnam+)

Source: https://baoyenbai.com.vn/12/350554/Prime Minister Pham Minh Chinh proposed PowerChina to support Viet Nam in developing the railway industry.aspx