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You are here: Home / News / Vietnam PM touts Chinese investment in hi-tech, infrastructure

Vietnam PM touts Chinese investment in hi-tech, infrastructure

November 5, 2018 by hanoitimes Leave a Comment

The Hanoitimes – PM Nguyen Xuan Phuc noted that Vietnam needs US$25 billion annually for the infrastructure sector until 2020. Vietnam’s Prime Minister Nguyen Xuan Phuc has called on Chinese investors to spend money on hi-tech industries, infrastructure and environmentally-friendly projects which are Vietnam’s priorities in attracting foreign investment, according to the government portal.   PM Phuc meets with Chinese investors at CIIE. Photo: Chinhphu.vn The Chinese investors will improve their image and prestige in Vietnam once they follow the above criteria, the prime minister said in an interview with China’s Xinhua News Agency at China International Import Expo (CIIE) held in Shanghai.  On the occasion of CIIE, the PM met with a number of Chinese leading finance and construction firms, including Ping An Insurance Group and Greenland Group.   The PM encouraged their investment plans in Vietnam which will focus on finance, banking, insurance, infrastructure, energy, agriculture, and food industries. He said that Vietnamese senior officials will facilitate the groups’ investment. In the meeting, the PM highlighted potential investment in infrastructure sector in Vietnam, saying that it is one of the country’s priorities in socio-economic development. Vietnam needs around US$25 billion annually for the infrastructure sector until 2020.  In the interview, Phuc said that Vietnam and China in 2017 signed a Memorandum of Understanding on the linkage between “Two Corridors and One Economic Circle” and “Belt and Road Initiative” to promote the cooperation in five fields namely policies, infrastructure, finance, trade, and the people.  The PM noted that Vietnam supports… [Read full story]




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Filed Under: News pension fund investment in infrastructure, national investment and infrastructure fund, Invest in infrastructure, private sector investment in infrastructure, private investment in infrastructure, public investment in infrastructure, investment in infrastructure, Chinese investments in India, Chinese Investment Corporation, Chinese investment in India, beijing infrastructure investment, infrastructure vietnam, aiib asian infrastructure investment bank, Chinese Embassy in Vietnam, vietnam investment review, Kerala Infrastructure Investment Fund Board, vietnam investment group, asian infrastructure investment bank, danang vietnam in chinese, 5g infrastructure investment, investing in vietnam stock market, asian investment infrastructure bank, investing in chinese companies, Chinese investment in UK, vietnam investment fund, vietnam investment funds, african infrastructure investment managers, Global Infrastructure Investment, infrastructure investment trusts, News, Hanoi Times, mCMS, www.onip.vn

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