Vietnam’s strategic infrastructure development projects attract Chinese investors
China actively prioritizes infrastructure development and promotes global transportation cooperation, considering Vietnam as a crucial partner.
China actively prioritizes infrastructure development and promotes global transportation cooperation, considering Vietnam as a crucial partner.
Both sides are expected to accelerate the connectivity of transportation infrastructure, particularly in railways, roads, and border crossings, under the frameworks of "Two Corridors, One Belt" and "Belt and Road Initiative."
Vietnam has gone from being a war-torn country to one of the world’s 40 largest economies.
China regards Vietnam as a priority in its overall neighborhood diplomacy, supporting the country’s successful industrialization, modernization, and expansion of its international role.
Prime Minister Pham Minh Chinh is scheduled to attend the World Economic Forum's (WEF) 15th Annual Pioneers Meeting in China next week.
The figure could go up to US$7 billion this year, which is $0.5 billion to $1 billion above the planned target.
The country, however, ran a trade deficit of US$1 billion in May, the first in nearly two years.
Hanoi encourages investment in areas where Guangdong excels, such as urban infrastructure, transport, metro systems, bridges, digital transformation, green development, and semiconductor manufacturing.
The two localities will enhance cultural cooperation, focusing on sharing experiences in heritage preservation and cultural values exploitation.
Both sides would explore ways to cooperate in new areas such as culture, media, and tourism.