China Gezhouba Group Corporation (CGGC) has recently inked an 11.52 billion yuan (1.62 billion USD) deal with Indonesia Dafeng Heshun Energy Industri to construct Data Dian hydropower project in North Kalimantan province.
Chinese investment is flowing into ASEAN once more as projects under the Belt & Road Initiative (BRI) see a recovery and ongoing trade tensions with the US are prompting Chinese companies to invest in parts of Southeast Asia, according to a report from Maybank Kim Eng.
Prime Minister Nguyen Xuan Phuc valued efforts to promote connectivity and international economic links, including the Belt and Road Initiative (BRI), in his speech delivered at the roundtable meeting of the second Belt and Road Forum for International Cooperation (BRF) in Beijing, China, on April 27.
China is willing to cooperate with Laos to further implement the consensus reached by the leaders of the two parties and the two countries, while continuously consolidating the traditional friendship and increasing high-level exchanges, Chinese Premier Li Keqiang has said.
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