WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Hanoi welcomes investment from China’s Greater Bay Area
Ngoc Mai - Lien Ha 20:43, 2024/07/03
The strong and friendly relationship between the two countries makes Chinese enterprises, particularly those in the Greater Bay Area, confident about investing in Vietnam.

Hanoi welcomes investment from businesses in the Greater Bay Area, especially in high-potential fields such as clean transportation, healthcare, and high-quality education.

 Delegates at the meeting. Photo: Lien Ha/The Hanoi Times

 Chairman of the Hanoi People’s Committee Tran Sy Thanh expressed this view during a meeting with a delegation from the Greater Bay Area led by President of PCITECH Liu Wei today [July 3].

During the meeting, Thanh praised the economic model and scale of the Greater Bay Area. He briefed the guests on Hanoi's recent development achievements and its future strategic directions, highlighting the recent approval of the revised Capital Law by the Vietnamese National Assembly.

According to Thanh, this legislation provides favorable conditions and opens up various development opportunities for the city.

“Hanoi plans a comprehensive restructuring, including urban planning, production models, transportation, and environmental management,” Thanh said.

Emphasizing the need for transportation redevelopment, Thanh outlined the goal of building 12 urban railway lines to develop mass transit solutions that meet travel demands.

He added that Hanoi also aims to modernize old urban areas to improve the quality of life for residents, and assured that this process opens new opportunities for Greater Bay Area enterprises to explore, contribute, and cooperate.

"Hanoi is committed to welcoming Chinese investors, particularly from the Greater Bay Area," the Chairman emphasized.

With this spirit, Thanh expressed Hanoi's keenness to welcome Chinese investors, particularly from the Greater Bay Area, asserting that successful cooperation will significantly contribute to the friendly relations between Vietnam and China, in keeping with the desires of both countries' senior leaders.

In response, Liu Wei expressed his gratitude for the Chairman's insights. He noted that the Greater Bay Area is a strategic economic hub in China, encompassing nine cities in Guangdong, along with Macao and Hong Kong, and aims to develop into a world-class urban cluster.

Expressing interest in Hanoi's urban railway and waste management sectors, Liu appreciated the amendments to the Capital Law. He assured that the strong and friendly relationship between the two countries makes Chinese enterprises, particularly those in the Greater Bay Area, confident to invest in Vietnam.

Liu also highlighted the strengths of the Greater Bay Area in various fields, expressing the commitment of the region's businesses to share experiences and actively contribute to Hanoi's future development.

Thanh also highlighted the need for Chinese companies, especially those in the railway sector, to ensure aspects such as progress, technology, quality, and cost. He stressed the importance of enhancing information exchange, identifying risks, and effectively implementing cooperation projects.

The Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) comprises the two Special Administrative Regions of Hong Kong and Macao, and nine municipalities in Guangdong Province: Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, and Zhaoqing. Covering a total area of around 56,000 km², the Greater Bay Area has a population exceeding 86 million and a GDP of over US$1.97 trillion in 2023.

RELATED NEWS
TAG: greater bay area china china vietnam hong kong vietnam macao vietnam
Other news
14:29, 2024/09/07
Changes needed for PDP VIII to ensure viable power supply: Trade Ministry
The Ministry of Industry and Trade (MoIT) said it is planning to revise the Power Development Plan (PDP VIII), a little over 15 months after its approval, to ensure a feasible energy supply.
11:12, 2024/09/02
Vietnam Gov’t approves pilot smart border gate project with China
The project focuses on transforming the Huu Nghi International Border Gate into a "model border gate", the most advanced land border gate in ASEAN.
22:34, 2024/08/30
Hanoi aims to speed up e-commerce industry
There has been a boom in online trading in the major cities of Vietnam, including Hanoi.
21:13, 2024/08/29
Provincial leaders responsible for combating IUU fishing: PM
The European Commission is set to conduct a 5th round of inspection in Vietnam in October.
18:31, 2024/08/28
PM urges tightening of imports via e-commerce activities
The move is aimed at promoting the development of the domestic market.
19:58, 2024/08/27
Vietnam set for 6.1% GDP growth in 2024: WB
The World Bank expected Vietnam's growth prospects to improve thanks to a recovery in exports, tourism, consumption, and investment.