Prime Minister Pham Minh Chinh chaired a dialogue with Chinese enterprises (Photo: TRAN HAI).
At the seminar, expressing sincere thanks to Prime Minister Pham Minh Chinh and Vietnamese ministries and branches, Chinese Ambassador to Vietnam Ha Vi emphasized that this was the first seminar between the Prime Minister and the foreign business community in the new year, demonstrating the spirit of always promoting substantive cooperation between the two countries.
After the dialogue with the Chinese business community last year, this year, the Prime Minister and Vietnamese ministries and sectors met with Chinese businesses to learn about their thoughts and aspirations; this shows that Vietnam attaches great importance to and always genuinely wants to develop relations between the two countries.
Prime Minister Pham Minh Chinh shook hands with leaders of large Chinese corporations and enterprises attending the Dialogue (Photo: TRAN HAI).
Looking back over the past year, under the leadership of the two countries' senior leaders, substantive cooperation is entering a new phase. Enterprises of the two countries are facing new cooperation opportunities such as green development, digital economy, etc., which are becoming bright spots in bilateral cooperation. New investment projects from China in Vietnam are constantly increasing. To date, Chinese enterprises have invested a cumulative total of more than 6 billion USD in Vietnam; cooperation in investing in the construction of the standard gauge railway connecting Vietnam and China is progressing rapidly...
Chinese Ambassador to Vietnam Ha Vi (far right) and leaders of large Chinese corporations and enterprises attended the Dialogue (Photo: TRAN HAI).
The Ambassador stated that Chinese enterprises have confidence in the Vietnamese market. This is inseparable from the development of bilateral relations and the great support of the Government and the Prime Minister. Vietnam is entering a new era - the era of national development; Vietnam is striving to achieve 8% growth this year and double-digit growth in the coming years, completing the two 100-year goals. Currently, China is developing strongly based on the foundation of science and technology, digital economy, instead of relying only on industrial manufacturing. In recent times, China has achieved many achievements in the fields of high technology science, innovation, cultural industry, entertainment..., playing an important role and position in the world market.
The Ambassador affirmed that the Chinese business representatives present at this discussion are all leading Chinese enterprises in the fields of infrastructure, electronics, digital economy, aviation, etc. He hopes that the enterprises will take advantage of this valuable exchange opportunity; he believes that the ministries and branches will also implement well the spirit of "harmonious benefits, shared risks", considering Chinese enterprises as the best cooperation partners, creating cooperation opportunities, creating a solid foundation to promote the building of the Vietnam-China Community of Shared Future of strategic significance...
Chinese Ambassador to Vietnam Ha Vi speaks at the seminar (Photo: TRAN HAI).
Mr. Ton Phong Loi, Chairman of the Chinese Business Association in Vietnam, General Director of the Industrial and Commercial Bank of China (ICBC) Hanoi Branch, on behalf of the Association's member enterprises, sent sincere thanks to Prime Minister Pham Minh Chinh; stating that the Association has 4,000 business members, operating in many industries. With the aim of serving enterprises well, the Association is actively implementing the broad common perceptions of the two countries' senior leaders: promoting the role of the Association, exchanging with the leaders of the Vietnamese Government; building bridges, reflecting difficulties and obstacles; propagating Vietnam's legal policies for Chinese enterprises to understand and comply with; supporting Chinese enterprises to invest in Vietnam; actively participating in social and volunteer work in localities of Vietnam; on the basis of promoting economic and cultural exchanges... to strengthen the friendship between the two sides. Chinese businesses investing in Vietnam all appreciate Prime Minister Pham Minh Chinh's vision and foresight. Members of the Association appreciate this dialogue and hope that Vietnam's investment and business environment will become more and more favorable.
Representatives of leaders of large corporations, groups and enterprises in Vietnam attended the Dialogue (Photo: TRAN HAI).
On this occasion, on behalf of the Association, Mr. Ton Phong Loi also raised some difficulties that member enterprises are facing, hoping to cooperate with the Vietnamese side to resolve them, such as: The Vietnamese Government, ministries and branches create more favorable conditions for granting work permits, visas, and driving licenses for Chinese citizens in Vietnam...
He also said that ICBC Bank Hanoi branch always considers bilateral cooperation an important mission, has actively provided credit support of about 3 billion USD for investment and business activities of Chinese enterprises in Vietnam; promotes support for the formation of a financial center in Vietnam. He affirmed that the Association adheres to the principle of cooperation and sharing, and together with Vietnam builds a safe and effective supply chain and industry chain, thereby promoting the relationship between the two countries to a new height.
At the seminar, large Chinese corporations and groups expressed their joy at attending the seminar with the Prime Minister and Vietnamese ministries and branches; expressed their appreciation for the bright prospects of Vietnam's increasingly developing economy; highly appreciated Vietnam's increasingly improved investment and business environment and its status as an attractive investment destination in the world, an important link in the global supply chain; expressed their desire to expand investment and business, focusing on areas such as infrastructure, new growth drivers such as green economy, digital economy, circular economy, electronics, information technology, clean energy, etc., and emerging industries; At the same time, he recommended that the Vietnamese Government, ministries and sectors pay attention to and remove some difficulties and obstacles, thereby promoting the strong development of bilateral economic, trade and investment relations, going into depth and substance. Speaking at the seminar, Prime Minister Pham Minh Chinh thanked the Chinese enterprises for their frank sharing, expressing their affection, responsibility and sincerity as typical and upright businesses. This is also the goal of both sides, to exchange, learn, listen to opinions, and remove difficulties and obstacles for Chinese enterprises.
Prime Minister Pham Minh Chinh speaks at the seminar (Photo: TRAN HAI).
The Prime Minister assigned the Government Office and the Ministry of Planning and Investment to collect opinions at the Dialogue and issue a Conclusion of the Prime Minister so that both sides can reduce obstacles, promote business development, and contribute to promoting a substantive and effective bilateral relationship. The spirit is to respect time, promote intelligence, and timely decisiveness, bringing common results to both sides; the assignment must be "clear about people, clear about work, clear about responsibilities, clear about progress, clear about products".
The Prime Minister pointed out that the current world context is polarization, aging population, resource depletion, climate extremism, and digitalization of all human activities. Regarding the situation in Vietnam, Vietnam is a developing country, the economy is in transition, the scale of the economy is still modest, the resilience to external shocks is limited, the openness of the economy is high, so a small external impact can easily lead to internal consequences. In that context, Vietnam still maintains macroeconomic stability, controls inflation, stabilizes exchange rates and interest rates, ensures major balances; ensures the labor market; public debt, foreign debt, and government debt are under control; so there is still room to expand investment by issuing bonds.
Prime Minister Pham Minh Chinh discussed with leaders of Chinese and Vietnamese corporations and groups attending the Dialogue (Photo: TRAN HAI).
Regarding the current situation, Vietnam has determined that it must continue to promote growth priorities, set a growth target of 8% or more, and has issued a Resolution assigning targets to ministries, branches, localities, and enterprises. Therefore, ministries, branches, localities, enterprises, and people must also participate in contributing to this target, creating momentum, creating force, and creating momentum for double-digit growth. The Prime Minister cited China's experience in achieving today's achievements thanks to continuous double-digit growth over a long period of time. Therefore, Vietnam is highly determined, making great efforts, and taking drastic actions; at the same time, it is determined that striving for 8% growth is a big challenge in current conditions, but it cannot be avoided, so it is mainly based on self-reliance, but it is also necessary to call for help and cooperation from the international community, including the Chinese business community.
The Prime Minister expressed that the Vietnam-China relationship is at a very good stage of development, with trust, sincerity, and determination to develop each country's economy, meeting the expectations of the people, the development of the country, and the world and regional situation. The issue is to turn this good development into a program, project, and work plan, from which this good development can be transformed into material and financial resources that can be "weighed, measured, and counted", contributing to improving the material and spiritual life of the two countries, making them increasingly prosperous and happy. The Prime Minister stated that the two Parties and two States have no other goal than to develop a strong and prosperous country, and for the people to become increasingly prosperous and happy.
Prime Minister Pham Minh Chinh and leaders of Chinese corporations and enterprises attended the discussion (Photo: TRAN HAI).
The Prime Minister stated that in the above process, there needs to be connection between the two economies, business connections, and people-to-people exchanges, so the two sides "only discuss action, not retreat"; he suggested that Vietnamese and Chinese businesses take the lead in implementing the agreement of the two countries' senior leaders on connection and people-to-people exchanges, contributing to the 75th anniversary of the establishment of diplomatic relations between the two countries "mountains connecting mountains, rivers connecting rivers".
The Prime Minister affirmed that Vietnam is determined to develop rapidly and sustainably, and hopes that China will contribute to this process; specifically, maintaining a stable macro-economy, controlling inflation, ensuring major balances, stabilizing exchange rates and interest rates. Ensuring fairness, progress, and social security; maintaining a "bright, green, clean, and beautiful" environment. Therefore, Vietnam is focusing on and hoping that China will support and contribute to the following issues: implementing high-level agreements between the two General Secretaries and the two Politburoes to materialize them into material wealth; promoting three strategic breakthroughs, namely institutional breakthroughs, "breakthroughs of breakthroughs" in the direction of faster, simpler, stronger, simplifying administrative procedures, reducing compliance costs for people and businesses; Breakthrough in developing transport infrastructure, information technology, electric power, healthcare, education, sports, society... thereby creating new development space, creating added value of land, creating new urban areas, industrial parks, businesses have the opportunity to develop their capacity and strategy in Vietnam, contributing to reducing input costs, reducing logistics costs, improving product competitiveness, increasing production and business efficiency, serving people and businesses. Breakthrough in human resources, especially high-quality human resources, meeting development requirements, contributing to increasing labor productivity of businesses.
The Prime Minister affirmed that Vietnam must be determined to maintain macroeconomic stability, control inflation, promote growth, and stabilize exchange rates, so that businesses can feel secure in long-term investment; firmly protect independence, sovereignty, territorial integrity, political stability, and social order and safety. Vietnam strives to improve the investment environment, resolutely implementing the revolution of streamlining the apparatus to simplify administrative procedures, making the state apparatus increasingly effective, thereby saving costs, creating conditions to increase investment in hunger eradication and poverty reduction, eliminating temporary and dilapidated houses; developing social housing for low-income people and workers; exempting tuition fees for students from kindergarten to high school at public schools; actively eliminating the "ask-give" mechanism, actively fighting against corruption; creating an equal and open business environment, without criminalizing civil and economic relations; implementing a proactive, flexible, timely, and effective monetary policy; Implement fiscal policy by reducing taxes, fees, charges, etc.; promote disbursement of public investment capital, using public investment to lead private investment. Call on commercial banks to reduce costs, share profits with people and businesses, create an ecosystem for banks; use banking tools very flexibly related to open markets, bonds, credit notes, etc.
For businesses, the Government reduces land rent, taxes, fees, charges, etc.; builds a fund to support global minimum tax; develops green economy, digital economy, circular economy, creative economy, knowledge economy, sharing economy based on science and technology, innovation, and digital transformation.
The spirit is to create conditions for businesses on the principle of harmonious benefits, shared risks; harmonizing the interests of the State, people, and businesses. Vietnam always ensures the legitimate rights and interests of businesses; ensures equal access to policies.
The Prime Minister shared his wishes for Chinese enterprises: congratulating China on its successes; sharing concerns and worries; hoping that Chinese enterprises will develop Vietnam into a production base, contributing to the development of the digital economy, green economy, circular economy, rapid and sustainable development; doing business in a healthy and lawful manner, with the spirit of listening to each other's opinions, sharing visions, sharing actions, working together, winning together, sharing together, developing together. When things go well, we must be in harmony, when things go badly, we must share; hoping that China will actively transfer technology to Vietnam, support and help Vietnam develop from a small enterprise into a large enterprise, from an enterprise lacking technology to an enterprise with full technology; support Vietnamese enterprises to participate in global value chains; expand investment scale, invest in traditional growth drivers (investment, export, consumption); promote new growth drivers, emerging industries such as semiconductors, artificial intelligence (AI), cloud computing, the Internet of Things, optoelectronics, quantum, biotechnology, new materials, and high-end services such as digital payments.
The Prime Minister expressed his desire to promote Vietnamese enterprises in particular and the Vietnamese economy in general to develop on the basis of science and technology, innovation, and digital transformation; share and contribute experiences in institutional building, including organizing delegations to study China's experience in developing the private economy. Apply smart management technology, the smart era must have smart management, such as smart border gates; invest in clean energy, especially renewable energy. Invest in transport infrastructure, especially railways, ports, highways, etc. Invest in developing industrial parks and economic zones. Regarding payment, promote digital payments, payments by QR code, payments in local currency; invest in financial centers because China has experience and potential; actively promote the development of green finance; further promote trade between the two countries, build border economic zones, and smart border gates.
The Prime Minister believes that Chinese enterprises all have the conditions; he hopes that Chinese enterprises will support Vietnam in the spirit of harmonious benefits, shared risks, commensurate with the relationship of both comrades and brothers, and the 6 principles in the relationship between the two countries. Regarding the recommendations of enterprises, the Prime Minister assigned Vietnamese ministries and branches to respond to Chinese enterprises within 1 week at the latest. He requested the Ministry of Transport to speed up the implementation of the standard gauge railway project connecting China, specifically the Lao Cai-Hanoi-Hai Phong, Lang Son-Hanoi, Mong Cai-Ha Long-Hai Phong railways. The Prime Minister hopes that these will be symbolic projects of the two countries on the occasion of the 75th anniversary of the establishment of bilateral relations...
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