Business

Chinese enterprises explore investment opportunities in Soc Trang

The People’s Committee of Soc Trang province coordinated with Chinese Consulate General in Ho Chi Minh City to organise a meeting between enterprises of China and local businesses on March 20.
Chinese enterprises explore investment opportunities in Soc Trang ảnh 1 Chairman of the Soc Trang provincial People’s Committee Tran Van Lau (R) receives Chinese Consul General to Ho Chi Minh City Wei Huaxiang. (Photo: https://thoidai.com.vn/)

Soc Trang (VNA) – The People’s Committee of Soc Trang province coordinated with Chinese Consulate General in Ho ChiMinh City to organise a meeting between enterprises of China and local businesses on March 20.

Speaking at the event, Tran Van Lau, Chairman of theprovincial People’s Committee, presented local economic strengths, saying the Mekong Delta province boasts significant potential in agriculture, with an annual rice outputexceeding two million tonnes and aquatic products totaling over 375,000 tonnes.The province's export turnover surpassed 1.5 billion USD last year with ricealone constituting nearly one-third of the export value, amounting to 450million USD.

He highlighted key projects that are expected to createa driving force for Soc Trang’s development in the future, including Tran Deseaport projects, the Chau Doc-Can Tho-Tran De expressway and the Dai Ngaibridge over the Hau River, which connects Soc Trang with Tra Vinh and furtherto Ho Chi Minh City.

Lau said Soc Trang prioritises attractinginvestment in high-tech and organic agriculture, agricultural production associatingwith processing, supply chain and consumption of farm products.

The locality is calling on businesses to invest in expandinghigh-quality service and trade industries in combination with tourism projects,aiming to develop synchronously tourism, resort, and entertainment services, headded.

During the meeting, representatives of major Chineseeconomic groups and businesses of Soc Trang province discussed issues relatedto production and business activities, and their strengths as well as exchangeddevelopment orientations in the future and industries that attract investment inthe locality.

Chinese Consul General to Ho Chi Minh City Wei Huaxiang praisedthe province's agricultural prowess, particularly highlighting the globallyacclaimed ST25 rice, alongside its fruits and seafood products.

Soc Trang province has a lot of potential for economicdevelopment, so many Chinese businesses are interested in looking forcooperation and investment opportunities in the province, he said.

The provincial leader said he anticipated that through the meeting,Chinese businesses will discover  opportunities for cooperation with localenterprises, thus contributing to speed up the friendly relationship betweenVietnam and China./.

VNA
#Chinese enterprises #investment opportunities #Soc Trang #seaport projects #cooperation #Vietnamplus #Vietnam news #Vietnam News Agency Soc Trang China
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