Politics

Vietnam calls for Hong Kong’s investment in infrastructure

Vietnam will create the best possible conditions for foreign enterprises, including those from Hong Kong (China), to invest in the country, particularly in the field of infrastructure, Prime Minister Nguyen Xuan Phuc affirmed.
Vietnam calls for Hong Kong’s investment in infrastructure ảnh 1Prime Minister Nguyen Xuan Phuc (M, Front) and Hong Kong businesses (Source: VNA)
Hanoi (VNA) – Vietnam will create the bestpossible conditions for foreign enterprises, including those from Hong Kong(China), to invest in the country, particularly in the field of infrastructure,Prime Minister Nguyen Xuan Phuc affirmed.

At a reception for a delegation of Hong Kong businesses, led by Chairman of the Hong KongTrade Development Council Luo Kangrui, in Hanoi on May 10, the PM explainedthat Vietnam needs smart infrastructure to meet requirements of socio-economicdevelopment, adding that infrastructure, covering railways, roads, aviation andwaterways, requires huge investment.

Vietnam is accelerating the reform of investment climate and activelyintegrating into the world’s economy, the PM noted.

Citing the World Bank’s ratings on business environment in 2016 in whichVietnam climbed nine spots, he said the country has to date attracted 23,000FDI projects valued at over 300 billion USD.

Vietnam has set up trade ties with 224 countries and territories worldwide,including Hong Kong – a dynamic economy with financial strength, he stressed.

Chairman of the Hong Kong Trade Development Council Luo Kangrui said the visitaims to seek investment opportunities in Vietnam with a focus on infrastructure.

Through working sessions with Vietnamese ministries and agencies, thedelegation received many proposals for cooperation such as the north-south expresswayproject.

Hong Kong businesses wish to participate in the Vietnamese market – a promisingmarket, he said.-VNA
#Hong Kong#infrastructure#smart infrastructure#railways#roads#aviation#waterways#investment climate#business environment
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