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ASEAN signs projects worth over 3.1 billion USD with China's Guangdong province

The most noticeable is a nickel-cobalt project of Guangdong Guangxin Holding Group Ltd in Indonesia with total investment of 2 billion USD.

Beijing (VNA) – Seven projects with total value of over 3.1 billion USD were signed at the 2025 China (Guangdong)-ASEAN Trade Promotion and Supply Chain Cooperation Conference held in Guangzhou, Guangdong province, on June 10.

The most noticeable is a nickel-cobalt project of Guangdong Guangxin Holding Group Ltd. in Indonesia with total investment of 2 billion USD. The project is expected to be put into operation by the end of 2026, aiming to ensure a stable supply of nickel for the global new energy battery industry.

According to a company representative, Guangxin is promoting the arrangement of stainless steel, aluminum profile, and copper-clad sheet manufacturing industries in the Association of Southeast Asian Nations (ASEAN), with revenue from this region accounting for more than 80% of total foreign revenue. It will continue to expand investment in the ASEAN region in the future, he added.

In 2024, the trade volume between ASEAN and Guangdong accounted for about 20% of the total trade turnover between the bloc and China. The two sides have actively implemented substantive cooperation in many areas such as science and technology, education, agriculture, culture and tourism.

Guangdong enterprises have invested in building factories and cooperative industrial parks in ASEAN, and have achieved substantial results in the fields of green energy and digital economy. More and more ASEAN enterprises consider Guangdong as a priority gateway to enter the Chinese market./.

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