Prime Minister Nguyen Xuan Phuc received a number of Chinese businesses currently investing in Vietnam. Photo: VGP/Quang Hieu In the spirit of continuing to listen, […]
Prime Minister Nguyen Xuan Phuc received a number of Chinese businesses currently investing in Vietnam. Photo: VGP/Quang Hieu
In the spirit of continuing to listen and remove difficulties for businesses in general and FDI enterprises investing in Vietnam in particular, on the afternoon of June 12, at the Government headquarters, Prime Minister Nguyen Xuan Phuc received a number of Chinese businesses currently investing in the fields of textiles and garments, high-end fibers, engine components, and automobile tires in Vietnam.
In attendance were leaders of a number of ministries, branches and leaders of some localities where Chinese enterprises are investing.
Speaking at a meeting with business leaders representing more than 3,000 Chinese businesses investing in Vietnam, the Prime Minister said that in the context of the COVID-19 epidemic affecting many businesses, including foreign-invested enterprises (FDI), the Prime Minister, leaders of ministries and localities have regularly met with businesses, business associations, and industries to listen and solve difficulties for businesses. career.
Emphasizing that Vietnam and China have a good traditional friendly neighborly relationship, the Prime Minister hopes that today's generation will be responsible for contributing and nurturing this relationship, contributing to the development of each country.
Talking about success in preventing and fighting the COVID-19 pandemic, the Prime Minister said that Vietnam has been proactive, drastic, had the right policies and always been one step ahead of the actual situation, so it has successfully controlled the epidemic, bringing life and production and business activities gradually back to normal. Among the foreign patients, there were also Chinese patients who were successfully cured by Vietnamese doctors and nurses and they returned home.
Prime Minister Nguyen Xuan Phuc also said that he had an early discussion with Chinese Prime Minister Li Keqiang, discussing cooperation solutions and sharing experiences in COVID-19 prevention and control; Support China with medical equipment in epidemic prevention and control.
At the meeting, Chinese businesses expressed their thanks to Prime Minister Nguyen Xuan Phuc for taking the time to receive, especially respectfully thanking the State of Vietnam for successfully controlling the epidemic, helping businesses return to almost normal operations. Chinese businesses expressed strong belief in the determination of the Government and local authorities in implementing dual goals as well as opportunities from the Vietnam-EU Free Trade Agreement (EVFTA) and Vietnam-EU Investment Protection Agreement (EVIPA), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)...
Mr. Tao Hui, General Director of Texhong Vietnam Group Joint Stock Company, an enterprise investing in a large textile and garment production chain in Vietnam, said that his business and many other Chinese businesses in Vietnam welcome the implementation of the dual goal set by the Vietnamese Government, and are committed to contributing to realizing this goal.
From confidence in the Government and Vietnamese market, Texhong Group has restarted all 14 projects, operating 97% again, exports in the first 3 months of the year reached 460 million USD, contributing nearly 95 billion VND to the local budget. The group is looking to expand investment in Vietnam this year, not only in Quang Ninh but also in some other localities of Vietnam.
Also in the textile field, Mr. Zhang Kui, General Director of Brotex Vietnam Co., Ltd. said that his business invests in the field of fiber production, has been present in Vietnam since 2012, and has so far invested about 1 billion USD, creating jobs for about 8,000 people. Believing that investment activities in Vietnam will soon return to normal, Mr. Zhang Kui said that although the Company's main export markets, Europe and the US, are facing difficulties due to COVID-19, the Company will not cut workers. The Company hopes that the Vietnamese Government will create favorable conditions for the Company's experts and senior leaders to enter Vietnam to manage work.
Mr. Tu Peng Yuan, General Director of Wolong Co., Ltd., an enterprise investing in the field of electricity and gas in Hai Phong, said that the enterprise is not affected by COVID-19, and is even doing business more effectively than the same period in 2019. The enterprise is investing in Vietnam and has attracted many other Chinese supporting enterprises to invest in Vietnam.
The Prime Minister took souvenir photos with Chinese businesses. Photo: VGP/Quang Hieu
Welcoming Chinese businesses that want to expand investment in Vietnam, Prime Minister Nguyen Xuan Phuc said that China is currently Vietnam's largest import market and second largest export market. Vietnam is China's largest trade partner in ASEAN. In 2019, two-way turnover reached 120 billion USD, of which Vietnam's trade deficit was over 30 billion USD.
Up to now, cumulative Chinese investment in Vietnam has nearly 3,000 projects, with a total registered capital of nearly 21 billion USD, equivalent to 5.5% of the total registered FDI capital in Vietnam. With this level of capital, China ranks 7th among 136 countries and territories with investment capital in Vietnam. Currently, many Chinese businesses are doing business effectively in Vietnam, investing in multiple fields. In addition, the two countries cooperate well in the field of tourism with about 6 million Chinese tourists coming to Vietnam.
With the COVID-19 epidemic being effectively controlled by the two countries, Vietnam is considering reopening some commercial flight routes with China, initially to Guangzhou, to promote the exchange of goods and people between the two countries.
Listening to the recommendations of businesses, the Prime Minister said that the Vietnamese Government will continue to resolve and create conditions for entry and exit into Vietnam for experts, business managers, investors, and highly skilled workers from other countries, including China.
In the context of the COVID-19 pandemic causing difficulties for the global economy and disrupting production chains, the Prime Minister hopes to have many Chinese businesses invest in Vietnam, contributing to overcoming this situation. The Vietnamese Government considers the success of investors to be the success of the Vietnamese Government.
The Prime Minister highly appreciated the capacity, serious investment attitude and investment efficiency of major Chinese investors, including expanding production and business, complying with environmental protection regulations, caring for workers, including the social housing sector, promoting exports, bringing benefits to businesses and contributing to Vietnam. Especially in the difficult context of COVID-19, the Prime Minister welcomes businesses that do not cut labor. For these businesses, it is necessary to promote propaganda work to thereby encourage other Chinese businesses to learn and follow.
Listening to the recommendations of businesses at the meeting, the Prime Minister said that the Government will direct ministries and branches to handle problems of businesses, including the early reopening of flights and facilitation of logistics services... Regarding specific recommendations under the authority of localities, ministries and branches, the Prime Minister requested leaders of localities, ministries and branches to soon resolve them for businesses. The Vietnamese government will ensure macroeconomic stability and create favorable conditions for businesses.
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