PM meets banking, corporate executives in China

Beijing (VNA) – Prime Minister Nguyen Xuan Phuc affirmed that the Vietnamese government is striving to improve business climate and offer all possible support to firms during meetings with Chinese banking and corporate executives in Beijing on September 13.

In a reception for President of the Industrial and Commercial Bank of China (ICBC) Yi Huiman, the PM made it clear that Vietnam welcomes prestigious banks with high liquidity operating in Vietnam, including the ICBC.

In such spirit, he asked the ICBC to work with the State Bank of Vietnam to devise effective and practical ways of cooperation.

Yi, for his part, spoke highly of Vietnam’s socio-economic achievements, especially in the field of finance-banking.

As one of the five Chinese banks operating in Vietnam, the ICBC is funding a number of key socio-economic projects in Vietnam and 80 percent of its staff is Vietnamese, he said.

He affirmed that the ICBC wants to contribute more to Vietnam’s industrialisation, modernisation and infrastructure upgrade.

Meeting President of the Agricultural Bank of China (ABC) Zhou Mubing, the Government leader lauded the ABC for its trans-border payment service over the past years, contributing to boosting Vietnam-China economic and trade ties.

He told his host that the State Bank of Vietnam will consider ABC’s proposal to open a branch in the country.

Zhou described Vietnam as China’s largest trade partner in the ASEAN, adding that the ABC has joined a number of projects to elevate bilateral economic and trade ties.

He wished that the Vietnamese government would facilitate ABC’s credit activities in Vietnam in the near future.

During a meeting with Asia Director of Zhongxing Corporation Fan Hu and Vice President of Huawei Corporation Wanghui, the PM asked the two leading Chinese telecommunications firms to forge closer ties with Vietnamese partners.

He said he supports their proposal to join hands with Vietnamese localities to build smart cities and transport systems in Vietnam.

The executives expressed their wish for continued support from the PM, ministries and local authorities to do business with Vietnamese partners in the mutually-beneficial spirit, for the sake of the comprehensive strategic cooperative partnership between the two countries.-VNA