Vietnam has seen a strong investment inflow from China with the presence of many international corporations in various fields such as technology, electronics, and renewable energy.
An upward trend has been recorded in Chinese recent investments in Vietnam, which is hoped to help fuel the industries the country has demand for such as high technology, renewables, supporting industries, electronics, and green finance.
Vietnam is anticipated to emerge as a destination for Chinese enterprises in the near future, as investments from the neighbouring country have become increasingly diverse in areas such as energy, green development, and digital economy, according to experts.
President of Vietnam Vo Van Thuong met with Cai Qi, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, member of the Committee’s Secretariat and Chief of the Committee’s Office, in Beijing on October 19.
Cambodia lured more than 3.58 billion USD in foreign direct investment (FDI) in 2019, a year-on-year surge of 11.7 percent, with Chinese investment accounting for 43 percent of the total figure, according to the National Bank of Cambodia (NBC).
Chinese investment is flowing into ASEAN once more as projects under the Belt & Road Initiative (BRI) see a recovery and ongoing trade tensions with the US are prompting Chinese companies to invest in parts of Southeast Asia, according to a report from Maybank Kim Eng.
Businesses in Beijing and Tianjin and Hebei provinces in China want to promote investment and trade with Vietnamese partners, according to the Tianjin Foreign Economic and Trade Promotion Association.
The Bank of China in Ho Chi Minh City and China’s Shenzhen Stock Exchange held a conference in HCM City on December 5, aiming to seek cooperation with Vietnamese securities companies to lure Chinese investment to Vietnam.
Malaysian Prime Minister Najib Razak has said the economic and trade ties between Malaysia and China are growing, and Chinese investment in the Southeast Asian country will continue going up.
China has pledged to increase its development aid for Cambodia in the future, with 450 million USD added to the current annual grant and soft loan of about 500 million USD.
