Politics

Vietnam welcomes investment in smart urban development

During a meeting with Fung Wai Ka Thomas, Director of CCC Infrastructure, and Lai Rong Huo, Chairman of Shenzhen Hero Group, Deputy PM Dung welcomed their interest and plans to invest in Vietnam, especially in the field of smart urban development.

Deputy Prime Minister Nguyen Chi Dung at a meeting with Fung Wai Ka Thomas, Director of CCC Infrastructure, July 16, 2025. (Photo: VNA)
Deputy Prime Minister Nguyen Chi Dung at a meeting with Fung Wai Ka Thomas, Director of CCC Infrastructure, July 16, 2025. (Photo: VNA)

Hanoi (VNA) – The Vietnamese Government will continue to accompany, support, and create the most favourable conditions for Chinese enterprises, and CCC Infrastructure and Shenzhen Hero Group in particular, to invest and operate effectively in Vietnam, Deputy Prime Minister Nguyen Chi Dung said on July 16.

During a meeting with Fung Wai Ka Thomas, Director of CCC Infrastructure, and Lai Rong Huo, Chairman of Shenzhen Hero Group, Deputy PM Dung welcomed their interest and plans to invest in Vietnam, especially in the field of smart urban development.

He noted that Vietnam has issued policies to develop smart urban chains with centrally-run cities serving as core hubs. Enterprises are encouraged to collaborate with Vietnam in various areas, such as providing financial and technical support for pilot projects, cooperating in research and technology transfer for urban governance, and partnering in human resources training.

Deputy PM Dung suggested that businesses can directly invest in developing smart urban projects in potential localities, initially piloting in smaller urban units such as communes and wards.

He also underlined that the Government has delegated authority to localities, and investors should work closely with them to receive guidance, prepare project proposals, and ensure compliance with legal regulations.

Fung Wai Ka Thomas expressed the company’s interest in implementing real estate projects in Vietnam, particularly smart urban developments in Bac Ninh and Tay Ninh (formerly part of Long An province). Shenzhen Hero Group and CCC Infrastructure also hope to invest in high-quality industrial parks in Vietnamese localities and seek Government support in exploring investment opportunities.

Established in 2000 and headquartered in Hong Kong, CCC Infrastructure is a leading firm in market research consulting, investment advisory, asset portfolio management, and financial services. Meanwhile, Shenzhen-based Hero Group is a diversified real estate enterprise specialising in smart and sustainable urban development, with 20 affiliated companies operating in major Chinese cities./.

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#smart urban development #urban governance #eal estate
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