Business

Sunwah Group plans to invest in steel production in Vietnam

The Hong Kong-based Sunwah Group wants to invest in steel production using high, environmentally-friendly technology in Vietnam, said Chairman Jonathan Choi.
Sunwah Group plans to invest in steel production in Vietnam ảnh 1Prime Minister Nguyen Xuan Phuc (R) receives Chairman of Hong Kong-based Sunwah Group Jonathan Choi (Source: VNA)

Hanoi (VNA) – The Hong Kong-based Sunwah Group wants to invest in steelproduction using high, environmentally-friendly technology in Vietnam and boostcooperation in education, solar energy and tourism with the country, said ChairmanJonathan Choi.

As it has relations with manyJapanese enterprises, the Sunwah Group plans to bring more Japanese businessesto Vietnam by establishing an investment fund with an initial capital of 200million USD, Choi told Vietnamese Prime Minister Nguyen Xuan Phuc on thesidelines of the sixth Greater Mekong Sub-region (GMS) Summit in Hanoi on March30.

Besides Japanese enterprises,Choi affirmed to do his utmost to bring more foreign investors to Vietnam,since he considers Vietnam as his second home.

He also revealed that Sunwah willcoordinate with the Vietnamese Embassy in Beijing to organise tourism promotionactivities in the northeastern region of China later this year.

PM Nguyen Xuan Phuc spoke highlyof Sunwah’s business activities and its plan to expand presence in Vietnam inthe time ahead.

He expressed his hope that Sunwahwill continue investing in the fields of its strength and affirmed that theVietnamese Government will create more favourable conditions for the group.-VNA
VNA
#Hong Kong #Chairman Jonathan Choi #Prime Minister Nguyen Xuan Phuc #sixth Greater Mekong Sub-region (GMS) Summit #steel production #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

PM meets Hong Kong corporate executives

PM meets Hong Kong corporate executives

Prime Minister Nguyen Xuan Phuc welcomed Hong Kong investors to the Vietnamese market during a meeting on September 14 with the chief executives of several major firms in the territory.

See more

Tourists from Tashkent to Da Nang (Photo: VNA)

Da Nang launches direct air route to Uzbekistan

Nguyen Thi Phuong, President of Prestige DMC Vietnam, noted that the charter service from Tashkent to Da Nang is being operated through a partnership between Prestige DMC Vietnam, Red Island Company, Centrium-Air Airways, and Prestige Travel Uzbekistan.

ASEAN, China promote cross-border payments

ASEAN, China promote cross-border payments

In the first quarter of 2025, the value of RMB transactions between China and Malaysia reached 102 billion RMB (4 billion USD), up 27% year-on-year, while transactions with Cambodia reached 5 billion RMB (686 million USD), an increase of 45% compared to the same period in 2024.

Vietnamese Ambassador to China Pham Thanh Binh (left) and Chairman of the China Council for the Promotion of International Trade Ren Hongbin. (Photo: VNA)

Vietnam, China eye deepening trade promotion cooperation

The Vietnamese Embassy is ready to act as a bridge in facilitating cooperation between the China Council for the Promotion of International Trade (CCPIT) and Vietnamese partners, as well as in connecting enterprises from both countries, said Ambassador Pham Thanh Binh.

PM Pham Minh Chinh speaks at the meeting. (Photo: VNA)

PM calls for bold, accelerated action in railway development

Prime Minister Pham Minh Chinh has urged ministries, agencies, and localities to act with “greater speed and boldness” to carry out Vietnam’s railway projects at the second meeting of the Steering Committee for key national railway projects in Hanoi on April 26.

Vietnamese Ambassador to Cambodia Nguyen Minh Vu meets with leaders and staff of three rubber companies in Kampong Thom province, Cambodia. (Photo: VNA)

Vietnam, Cambodia deepen investment links in Kampong Thom

Vietnamese Ambassador to Cambodia Nguyen Minh Vu on April 25 paid a working visit to several subsidiaries of the Vietnam Rubber Group (VRG) in Kampong Thom province, and held discussions with provincial leaders to enhance coordination and create more favourable conditions for Vietnamese firms, thereby promoting stronger bilateral investment ties.

Can Tho leaders and Bestway Group executives perform the symbolic launch ceremony for the new project. (Photo: VNA)

Bestway International launches 300 million USD plant in Can Tho city

Once operational, the plant is projected to create over 5,000 direct jobs and generate approximately 500 million USD in annual revenue, primarily through exports. The project is expected to significantly enhance regional employment and economic growth, contributing to Can Tho’s development and the broader Mekong Delta region.

Tra fish processed for export in Dong Thap province (Photo: VNA)

World Bank forecasts Vietnam's GDP growth at 5.8% in 2025

As a trade-oriented economy, with imports and exports representing almost 170% of the GDP, Vietnam is particularly exposed to ongoing shifts in global trade policies. The US remains the largest export destination of Vietnam, accounting for 30% of its total exports, while China makes up 38% of its imports.

Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien (Photo: VNA)

US calls tariff talks with Vietnam productive

US Trade Representative Jamieson L. Greer and Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien agreed on the importance of making swift progress towards reciprocal and balanced trade between the US and Vietnam.

The working delegation from the Party Central Committee's Commission for Information, Education and Mass Mobilisation inspects the resettlement area for residents affected by the Ninh Thuan 1 Nuclear Power Plant project. (Photo: VNA)

Ninh Thuan asked to gain public support for nuclear power plant project

Pham Van Hau, Permanent Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council, stated that recognising the importance of the project, the province has developed specific plans and a roadmap for its implementation. This includes focusing on effective communication efforts to gain high consensus among officials, Party members, and people.