PM calls for Hong Kong investment in hi-tech agriculture, industry

Thursday, 2017-04-20 03:34:58
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NDO/VNA - Prime Minister Nguyen Xuan Phuc has called on Hong Kong-based Sunwah Group and VinaCapital Fund to make further investments 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.

The PM noted that two-way trade between Vietnam and Hong Kong reached US$7.5 billion in 2016 and US$2 billion in the first quarter of 2017, while urging the Chairman to work to raise the figure to US$8 billion this year.

He confirmed that the Vietnamese Government will continue developing the market economy and creating favourable 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 equitisation of State-run enterprises in Vietnam, he said, asking the group to help with the building of a cultural centre for students at the Vietnam National University-Ho Chi Minh City.

Choi said as Chairman of the Hong Kong-Vietnam Chamber of Commerce, he wants to help more investors to do business in Vietnam, adding that his group is implementing a number of projects in HCM City.

Sunwah is also interested in the State business equitisation and infrastructure construction in Vietnam, he said.

According to Choi, Sunwah has invested nearly US$7 billion into Vietnam over the past 47 years.

He added that the group is also keen to support Vietnam in cultural and educational reform.