April 20, 2017 | 18:31 (GMT+7)
PM calls for Hong Kong investment in hi-tech agriculture, industry
Prime Minister (PM) Nguyen Xuan Phuc has called on Hong Kong-based Sunwah Group and VinaCapital Fund to make stronger investment in Vietnam in the fields of hi-tech agriculture and industry.
He made the call at a reception for Chairman of the Hong Kong-Vietnam Chamber of Commerce and Chairman of Sunwah Group Jonathan Choi in Hanoi on April 19.
PM Nguyen Xuan Phuc (R) and Chairman of Sunwah Group Jonathan Choi. Photo: VOV
The PM noted that two-way trade between Vietnam and Hong Kong reached USD 7.5 billion in 2016, and USD 2 billion in the first quarter of 2017, and urged the Chairman to work to raise the figure to USD 8 billion this year.
He confirmed that the Vietnamese Government will continue developing the market economy and creating favorable conditions for foreign investors, including Sunwah, to do business in Vietnam.
In addition to economics, the PM hopes that Chairman Choi will support Vietnam to develop culture and education.
The Vietnamese Government pledged to enable Sunwah to actively and effectively participate in the equitization of State-run enterprises in Vietnam, he said, asking the group to help with the building of a cultural center for students at the Vietnam National University-Ho Chi Minh City.
Jonathan Choi said as Chairman of the Hong Kong-Vietnam Chamber of Commerce, he wants to help more partners to do successful business in Vietnam, adding that his group is implementing a number of projects in Ho Chi Minh City.
Sunwah is also interested in the State business equitization and infrastructure construction in Vietnam, he said.
According to Choi, Sunwah has poured nearly USD 7 billion in Vietnam over the past 47 years.
He added that the group is also keen to support Vietnam in culture and educational reform.