Politics

PM meets leaders of Chinese conglomerates

Prime Minister Pham Minh Chinh met with leaders of several Chinese conglomerates in Nanning city, China’s Guangxi province, on September on the occasion of his attendance at the 20th China-ASEAN Expo (CAEXPO) and China-ASEAN Business and Investment Summit (CABIS) there.
PM meets leaders of Chinese conglomerates ảnh 1Prime Minister Pham Minh Chinh (R) and Chairman of the Executive Board of China Railway Chen Yun (Photo: VNA)
Beijing (VNA) – PrimeMinister Pham Minh Chinh met with leaders of several Chinese conglomeratesin Nanning city, China’s Guangxi province, on September on the occasionof his attendance at the 20th China-ASEAN Expo (CAEXPO) andChina-ASEAN Business and Investment Summit (CABIS) there.

Receiving Chairman of the Executive Board ofChina Railway Chen Yun, PM Chinh praised the company’s global reach andsustainability with 381 branches in 105 countries.

Chen said the company is now the maincontractor of several urban railway projects in Hanoi and wind power projectsin Dak Nong province, and a tire manufacturing plant in Tien Giang. He expressedinterest in engaging in the construction of transportation projects in Vietnam,such as the North-South and the Lao Cai - Hanoi - Hai Phong express railways,and the Hanoi urban metro line.

To develop infrastructure, PM Chinh saidVietnam is stepping up public-private partnership, striving to have 5,000km ofhighways, complete the first stage of the Long Thanh international airport and1,700km of coastal roads from Quang Ninh to Ca Mau by 2030.

According to him, Vietnam plans to buildrailway lines such as the Lao Cai – Hanoi - Hai Phong with a total length ofroughly 388km and a cost of 11 billion USD, the Vung Ang – Laos with the section in Vietnam stretching 103km and costing 1.6 billion USD, and the Hanoi – Ho ChiMinh City with around 1,545km and a combined investment of some 62 billion USD.

The Vietnamese leader welcomed the Chineseenterprises and the China Railway in particular to expand their operation inVietnam in the spirit of harmonising interests and sharing risks.

He suggested the China Railway continue workingwith relevant Vietnamese ministries and localities to develop new projects inVietnam, including the Lao Cai – Hanoi- Hai Phong express railway linking with the Kunming-Hanoi-HaiPhong economic corridor.
PM meets leaders of Chinese conglomerates ảnh 2In a reception for Deputy General Manager of Power China Wang Xiaojun (Photo:VNA)


In a reception for Wang Xiaojun, Deputy General Manager ofPower China which ranked 100th on the FortuneGlobal 500 list and 29th among the top 500 Chinese enterprises in2022, PM Chinh hailed the company’s plan to expand operations in energy in Vietnamin the near future, especially in wind power and liquefied natural gaselectricity projects.

The Vietnamese Government commits to create allpossible support to Chinese firms and the Power China in particular, he said,adding that it recently approved the National PowerDevelopment Plan for the 2021-2030 period with a vision to 2050, with renewableenergy sources, especially onshore and offshore wind power, being a foundation of Vietnam's long-term energy security.

He suggested that the PowerChina explore cooperation in Vietnam's priority areas, including infrastructure - one of Vietnam's three strategic breakthroughs. Specifically,he proposed exploring the possibility of investing in China -Quang Ninh - Hai Phong and Lang Son - Hanoi - Hai Phong railway lines, with the commitment totranslating these ideas into concrete actions and achieving tangible results./.
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