The PM made the affirmation at a reception for Yan Jiehe, Founder and Chairman of China Pacific Construction Group, one of China's largest private corporations in the field of transport infrastructure, in Hanoi on January 14.

Prime Minister Pham Minh Chinh (R) and Yan Jiehe, Founder and Chairman of China Pacific Construction Group.

Briefing the guest on Vietnam’s socio-economic development, Chinh said Vietnam has defined infrastructure development, covering transport infrastructure, as one of the three strategic breakthroughs.

The country aims to build 3,000 km of expressways by 2025, and 5,000 km by 2030, he continued.

The PM suggested the Chinese group hold working sessions with Vietnamese ministries, agencies, localities and partners to seek cooperation opportunities, soon open a representative office in the Southeast Asian nation, and join bidding for transport infrastructure projects in an open, transparent and equal manner, and in line with Vietnamese legal regulations.

For his part, Yan spoke highly of Vietnam’s economic prospects, and noted his hope to participate in infrastructure projects in the country.

The group will soon open a representative office in Vietnam, and closely coordinate with Vietnamese agencies and localities, he said.

Nearly 693 million USD of registered investment added to FDI projects in Bac Giang

(BGO) – Bac Giang province approved to increase registered capital of 44 foreign direct investment (FDI) projects in 2022 to add nearly 693 million USD, representing 1.7 fold increase year on year.

Investment for creative startups to reach 5 billion USD in 2023 – 2025

As many as 39 investment funds committed to invest 1.5 billion USD for creative startups in Vietnam in 2023 – 2025, lifting the total investment for the field in the period to 5 billion USD, heard the Vietnam Venture Summit 2022 on December 19 in Hanoi.

Foreign investors continue to pump investment into Vietnam

Many global companies have invested or announced plans to invest billions of dollars in Vietnam this year as they show continued interest in making the country a manufacturing hub.

PM invites Belgians to up Vietnam business investment

Prime Minister Pham Minh Chinh has called on Belgian businesses to invest more in Vietnam as a politically stable country where win-win partnerships can be formed.

Vietnam Electricity, European Investment Bank ink MoU on sustainable energy development

Vietnam Electricity (EVN) and the European Investment Bank (EIB) have signed a memorandum of understanding to create a prerequisite for the EIB to help with the Vietnamese group’s sustainable development and energy transition.

Source: VNA