(MPI) - Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc reassured the MPI’ commitment to accompanying the business community, including those from China’s Guangdong - Hong Kong - Macao Greater Bay Area (GBA), to invest, do business and work out specific projects in Vietnam, while attending the forum strengthening business and investment connections between Vietnam and the GBA in Hanoi on December 20.

At the forum. Photo: MPI

The event was co-organised by the MPI’s Foreign Investment Agency (FIA), the Chinese General Chamber of Commerce (CGCC), the Hong Kong-Vietnam Chamber of Commerce (HKVCC), the GBA Entrepreneurs Alliance, and Sunhwa Group.

Addressing the event, Deputy Minister Ngoc said that the GBA, as an innovation hub and global gateway for trade, has great chance to partner with Vietnam. However, the investment ties are not commensurate with their potential and advantages. “Vietnam wishes to cooperate with the GBA in the areas of their strengths like hi technology, innovation, infrastructure, logistics, trade, services, finance and green and sustainable development’, she went on.

The deputy minister emphasised that Vietnam is currently at its preparation stage with many important decisions, such as strong improvement of administrative procedures and investment environment, building of a streamlined, effective, and efficient system, institutional and policy perfection, and preparation for new development to accelerate and make a breakthrough for the next area, achieving the set target of double-digit growth in the next period.

Deputy Minister Ngoc suggested the GBA enterprises, with their experiences and resources in finance and technology, take full advantage of opportunities to cooperate with Vietnam. She affirmed that the MPI will always create favourable conditions for foreign investors, including those from the GBA, to invest and do business effectively in Vietnam.

Jonathan Choi, Chairman of CGCC, HKVCC, GBA Entrepreneurs Alliance, and Sunwah Group, remarked that the delegation of 60 business leaders and experts from the alliance in the fields like finance, investment, trade, manufacturing seek chances to learn about Vietnam’s investment activities.

Highlighting Vietnam’s advantages in attracting investment such as a favourable geographic location, young, dynamic population and strengths in manufacturing-export, Choi expressed his belief that cooperation in financial services, trade, education, agriculture, logistics, as well as developing hi-speed railways, financial centers, and free trade zones will yield encouraging results.

He took the occasion to thank Vietnamese for their assistance and cooperation with Sunwah Group (Hong Kong) over the past 55 years, affirming that the Group will continue to carry out investment and business activities in Vietnam. The GBA entrepreneurs alliance will continue promoting its enterprises to partner with Vietnamese sides for further cooperation in the coming time.

The forum also heard presentations from Vietnamese and Chinese agencies introducing the investment environment and incentives of Vietnam, trade cooperation and opportunities between the sides, and potential for cooperation in traditional as well as emerging industries./.

Bao Linh

Ministry of Planning and Investment