Hong Kong's Sunwah Group eyes investment in southern Vietnam
Multi-sector group Sunwah is keen on surveying several Binh Duong-based industrial parks and foreign-invested enterprises in the areas of high-tech industries, health care, education, and real estate to explore investment opportunities.
Sunwah chairman Jonathan Choi (left) and Vo Van Minh, Chairman of the People's Committee of Binh Duong province, southern Vietnam, at their meeting on December 16, 2024. Photo courtesy of Binh Duong newspaper.
Sunwah chairman Jonathan Choi expressed the interest at a Monday meeting with Vo Van Minh, deputy Party chief and Chairman of Binh Duong province.
Sunwah will act as a bridge for the Guangdong-Hong Kong-Macao Bay Area Entrepreneurs Alliance and the Chinese General Chamber of Commerce in Hong Kong to enter the Vietnamese market and Binh Duong province, Choi said.
Welcoming Sunwah's interest in exploring the local investment environment, Minh noted that high-tech industries are a key focus of Binh Duong.
The province, which borders Ho Chi Minh City, is prioritizing investments in high-tech industries, including semiconductors; green energy; green economy; circular economy; and advanced, environmentally friendly, less labor-intensive and high added-value industries.
The province is also stepping up its efforts to attract FDI, with a focus on leading developed countries and multinational corporations possessing advanced technology and modern governance practices.
Sunwah was founded in 1957. Under the leadership of Jonathan Choi since 1976, it has grown into a large multinational corporation operating in eight main sectors: seafood and food, real estate, financial services, information technology, infrastructure, education and training, media, and environmental technology.
Sunwah's business operations extend from mainland China and Macau to other countries and regions such as Japan, Southeast Asia, North America, Europe, and Australia.
The group boasts nearly 50 years operating in Vietnam. As the Vietnamese economy has grown strongly in recent years, Sunwah's investment in the country has increased significantly.
Currently, it is investing in such sectors as seafood and food, real estate, financial services, coffee, agricultural products and dry foods, and innovation.
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