Business

Vietnam – China friendship exchange fortifies business ties in Hai Phong

Hai Phong considers cooperation with Chinese localities and enterprises one of its top priorities in external relations and investment promotion, a local official has said.

The 2025 Vietnam - China friendship exchange opens in Hai Phong on October 10. (Photo: VNA)
The 2025 Vietnam - China friendship exchange opens in Hai Phong on October 10. (Photo: VNA)

Hai Phong (VNA) – The Vietnam – China Friendship Association of Hai Phong city, alongside the China Business Association in Vietnam and relevant agencies, co-hosted the countries' 2025 friendship exchange in the northern port city on October 10.

Vice Chairman of the municipal People’s Committee Hoang Minh Cuong, in his address, highlighted Hai Phong’s history of vibrant people-to-people exchanges. This year’s event, focused on people-to-people diplomacy and business connectivity, underscores the vitality and potential of cooperation with Chinese partners, he said, stressing its role in reinforcing traditional friendship, exploring new collaboration areas, and fostering a community of shared prosperity in the city.

Hai Phong considers cooperation with Chinese localities and enterprises one of its top priorities in external relations and investment promotion, he said.

According to him, the city now maintains cooperative ties with six Chinese localities and has welcomed numerous delegations from major Chinese firms and business associations in recent years, thus further deepening people-to-people, locality-to-locality, and business ties between Hai Phong and China.

Hai Phong now hosts 1,737 foreign-invested projects worth 50.3 billion USD from 44 countries and territories. Of these, 769 projects valued at 12.77 billion USD come from China, representing over a quarter of the city’s total foreign direct investment inflows.

Investors praised Hai Phong’s strides in administrative reform, investment attraction, and its crucial role in advancing Vietnam – China cooperation.

Cao Ping, General Director of ADHES Vietnam Packaging Technology Co., Ltd., described Hai Phong as a key port city and gateway to northern Vietnam, boasting a strategic location, strong industrial potential, and a promising market outlook.

She added that local authorities have shown utmost efforts in streamlining administrative processes and improving the business environment, with approvals now processed more swiftly. “This reflects Hai Phong’s firm commitment to supporting the business community”, she said./.

VNA
#Vietnam – China Friendship Association #China Business Association in Vietnam #friendship exchange #Chinese localities #Hai Phong #China Hai Phong China Vietnam
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