Congratulating Texhong on its effective investment performance in Vietnam in recent years, the PM noted that Vietnam - China relations are developing positively, creating favorable conditions for Texhong to expand cooperation and investment in Vietnam.
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Prime Minister Pham Minh Chinh (right) receives Hong Tianzhu, Chairman of Texhong Group, in Hanoi on January 30. |
He encouraged the group to scale up the production of textile materials and accessories, continue expanding the Hai Ha Industrial Park, and organize fashion events of international stature in Vietnam.
The Vietnamese Government leader particularly emphasized the need for Texhong to pursue in-depth investment, focusing on the application of science and technology, innovation, digital transformation, green production and smart governance. He stressed a shift towards greater reliance on knowledge and technology rather than labor, raw materials and land, in order to optimize the group’s operations and enhance efficiency.
For his part, Hong expressed appreciation for the Government’s continued attention and guidance for Texhong’s investment activities in Vietnam. He noted that thanks to this support, Texhong has invested nearly 2 billion USD in Vietnam, contributing to socio-economic development in Quang Ninh and Dong Nai provinces, attracting 34 Chinese enterprises with total investment of 3 billion USD, and creating jobs for around 16,000 Vietnamese workers.
According to the firm’s Chairman, Texhong has built a comprehensive textile manufacturing ecosystem at the Hai Ha Industrial Park in Quang Ninh, which has become an important link in the global textile supply chain.
Expressing strong agreement with the PM’s views, Hong said Texhong is interested in expanding investment in cross-border industrial parks in Quang Ninh, developing energy projects, investing in data centers, digital technology and artificial intelligence, as well as aluminum industry development. In the immediate future, the group will invite experts and directors to work with Quang Ninh province to study the organization of events in Ha Long, contributing to the development of local tourism.
PM Pham Minh Chinh underlined that Texhong’s development strategy should align with Vietnam’s development strategy to create synergy and maximize effectiveness. He welcomed the group’s plans to expand investment into new areas, particularly data infrastructure and clean energy.
In the near term, the Prime Minister urged Texhong to further build on its achievements in the textile and garment sector by strengthening participation in global value chains and supporting Vietnamese enterprises, especially those in Quang Ninh and Dong Nai, to join these chains. He stressed the importance of investing in the production of textile materials and accessories to serve export manufacturing and enhance localization of Vietnam’s textile industry.
The PM also highlighted Vietnam’s strong potential, including in Quang Ninh, which aligns well with Texhong’s investment needs. He noted that relevant parties are promoting cross-border economic zones, studying the opening of additional border gates, and investing in transport infrastructure, including roads, bridges and railway upgrades connecting Vietnam with China.
He expressed confidence that Texhong will continue to achieve greater success in Vietnam year after year, contributing to the effective implementation of high-level commitments between the two countries’ leaders, for the development of both nations, the well-being of their peoples, and the further consolidation of the Vietnam – China relationship.
Source: VNA