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Vietnam, China’s Hong Kong boost economic cooperation

Vietnam always rolls out red carpet for foreign investors, including those from Hong Kong (China) to invest in the country in the spirit of “harmonising interests and sharing risks”, Minister of Planning and Investment Nguyen Chi Dung said while attending the 8th Belt and Road Summit held in Hong Kong on September 13.
Vietnam, China’s Hong Kong boost economic cooperation ảnh 1Participants at the 8th Belt and Road Summit held in Hong Kong, China (Photo: VNA)
Hong Kong (VNA) – Vietnam always rolls out red carpet for foreigninvestors, including those from Hong Kong (China) to invest in thecountry in the spirit of “harmonising interests and sharing risks”, Minister ofPlanning and Investment Nguyen Chi Dung said while attending the 8th Belt and Road Summit held in Hong Kong on September 13.

Describing the Vietnam – China cooperation within the Belt and Road Initiative(BRI) significant to bolstering regional connectivity, Dung said that his ministryand China’s National Development and Reform Commission are acceleratingnegotiations for the plan to connect the “Two Corridors, One Belt” initiative withthe BRI.

He also underscored Vietnam’s three breakthrough strategies on institutionalreform, infrastructure development, and improvement of human resources quality,adding the country is paying due heed to promoting digital transformation andgreen transition to achieve the target of net-zero greenhouse emissions by 2050, and become a developednation with high income by 2045.

The minister went on to say that Hong Kong has an important role to play in connectingVietnam with the region and many powers such as the EU and the US, especiallyin the fields of science-technology, innovation, finance, trade and logistics.

Meeting with Chief Executive of the Hong Kong Special Administrative Region John LeeKa-chiu, Dung expressed his hope that Vietnam and Hong Kong willwork together to develop financial hubs, while promoting innovation activitiesin the Southeast Asian country.

Science-technology, education-training, and labour are also potential fieldsfor the two sides to boost cooperation, he added.

Dung said he hopes that Lee will visit Vietnam at a suitable time to study andpromote investments between the two sides.

Lee, for his part, voiced his delight to see the goodwill of the two sides to enhancecollaboration, pledging to create favourable conditions for businesses fromthe two sides to cooperate in the fields of finance and investment.

Hong Kong stands ready to invest in infrastructure development projects inVietnam, he said, adding that his administration will consider to increase thenumber of scholarships for Vietnamese students under the BRI, and enhance theexchanges of excellent students.

Lee said he will arrange to visit Vietnam soon, and expects a visit to HongKong by Vietnamese leaders.

Dung also had working sessions with many Hong Kong businesses, includingSunwah, Swire Pacific, Jardine Matheson, Chow Tai Fook, and Messe Frankfurt. He highlighted the positive aspects of Vietnam, with a stable political environment, sound humanresources, and good business climate, and welcomed Hong Kong’s investments indigital transformation, high technology, green finance, and logistics, amongothers./.
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