Vietnam urges China's construction giants to join infrastructure projects in Hanoi, HCMC

Vietnamese Prime Minister Pham Minh Chinh on Monday urged China Pacific Construction Group (CPCG) and other Chinese construction giants to study and join major infrastructure projects in Hanoi and Ho Chi Minh City.

PM Chinh made the suggestion at a Monday meeting in Hanoi with a delegation of 18 big Chinese construction companies. The delegation was led by Yan Jiehe, founder and chairman of CPCG and Susun Construction Group.

Chinh noted projects of Ngoc Hoi and Tu Lien bridges linking inner Hanoi to suburban districts; the Van Cao-Ngoc Khanh-Lang-Hoa Lac section of Hanoi Metro Line 5; a metro or urban railway connecting Tan Son Nhat International Airport in HCMC with the under-construction Long Thanh International Airport in the neighboring province of Dong Nai; and cross-border railways linking Vietnam and China like Lao Cai-Hanoi-Hai Phong, Lang Son-Hanoi, and Quang Ninh-Hai Phong.

The government leader highlighted that Chinese businesses’ investments in Vietnam would fortify the bilateral ties, in line with the comprehensive strategic partnership.

Vietnam welcomes China’s investments in areas of its strength such as traffic infrastructure, innovation, artificial intelligence (AI), cloud computing, green growth, renewable energy, and Internet of Things (IoT).

Attracting foreign investments and developing the infrastructure to reduce logistics costs are key paths for Vietnam to renew its growth, PM Chinh emphasized.

In reply, the Chinese delegation expressed its willingness to invest in Vietnam in trade, construction, energy, electronics, healthcare, biology, and farm produce. The delegation also highlighted the country's advantages of participation in many free trade agreements and abundant and young workforce.

Singapore was the largest foreign investor in Vietnam in terms of registered capital in January-November, while China led the pact regarding new projects.