Greater Gulf Business Alliance promotes investment in Vietnam

The Greater Bay Area Business Alliance will implement specific plans to promote investment in Vietnam through promoting Vietnam's investment environment and connecting businesses between the GBA region and Vietnam.

The Greater Bay Area Business Alliance will implement specific plans to promote investment in Vietnam through promoting Vietnam's investment environment and connecting businesses between the GBA region and Vietnam.

Within the framework of the visit and working session of the Delegation of more than 60 businessmen, members of Associations and large enterprises from Hong Kong and the Guangdong - Hong Kong - Macau Greater Bay Area (GBA Area) to Vietnam from December 15-21, 2024, the Forum connecting Vietnamese enterprises and the Guangdong - Hong Kong - Macau Greater Bay Area took place in Hanoi on December 20, 2024.

At the Forum, Ms. Nguyen Thi Bich Ngoc, Deputy Minister of Planning and Investment, said that in 2024, Vietnam will continue to achieve important achievements in socio-economic development, with rapid and unpredictable developments, but Vietnam is still a bright spot, maintaining growth rates, and the business environment is highly appreciated. Vietnam is gradually receiving high appreciation from large and important investors, becoming a link in the global supply chain.

Ms. Nguyen Thi Bich Ngoc said that the Greater Bay Area is a global trade gateway and has great potential for cooperation with Vietnam. However, the long-standing cooperation with Vietnam is still not commensurate with the position of the two sides.

Vietnam is currently in a rapid preparation phase with important decisions to strongly improve administrative procedures, build a streamlined and efficient state agency, and create space for new development to accelerate in the next phase, aiming for double-digit growth.

Deputy Minister Nguyen Thi Bich Ngoc also said that the construction of an international financial center in Ho Chi Minh City and a regional financial center in Da Nang is currently underway. Although Vietnam does not have much experience, it is researching to build an institution to approach international practices, in line with the customs of long-standing financial centers such as New York, London or Dubai.

Leading the Greater Bay Area delegation, Mr. Jonathan Choi, Chairman of the Chinese General Chamber of Commerce in Hong Kong, Chairman of the Guangdong - Hong Kong - Macau Bay Area Entrepreneurs Alliance, Chairman of the Hong Kong - Vietnam Chamber of Commerce, Chairman of Sunwah Group, said that the present time is an important moment in the cooperation between Vietnam and the Guangzhou - Hong Kong - Macau Greater Bay Area.

“We conducted surveys in Binh Duong, Ho Chi Minh City... and Hanoi, worked with the Minister of Planning and Investment and went to Hai Phong to connect and exchange. After 5 days, we realized the vitality of Vietnam and the determination of the Vietnamese Government in digital transformation and green development. With a favorable geographical location, young population structure, and rapid development capacity, these are important points to connect Vietnam with the greater bay area. We discussed and saw that Vietnam is also very interested in establishing a financial center and we expect to be able to contribute to creating this center in Vietnam,” said Mr. Jonathan Choi.

At the event, The signing ceremony of a Memorandum of Understanding (MOU) took place between the China Council for the Promotion of International Trade in Guangzhou and the Guangdong-Hong Kong-Macau Bay Area Entrepreneurs Alliance.

The signing ceremony of a Memorandum of Understanding (MOU) took place between the China Council for the Promotion of International Trade in Guangzhou and the Guangdong-Hong Kong-Macau Bay Area Entrepreneurs Alliance.

Mr. Jesse Choi, Chairman of the Guangdong - Hong Kong - Macau Greater Bay Area Entrepreneurs Alliance in Vietnam, Executive Chairman of the Guangdong Business Association in Vietnam, Member of the Board of Directors and General Director of Sunwah Group (Hong Kong) ASEAN region, on behalf of the Guangdong - Hong Kong - Macau Greater Bay Area Entrepreneurs Alliance in Vietnam, announced the cooperation content and specific proposals on the role of the Alliance in supporting the attraction of enterprises from the Guangdong - Hong Kong - Macau Greater Bay Area to cooperate and invest in Vietnam.

According to him, the Guangdong - Hong Kong - Macau Bay Area Entrepreneurs Alliance will implement specific plans to promote investment in Vietnam by promoting Vietnam's investment environment through the Alliance's base in the GBA region, connecting businesses between the GBA region and Vietnam, organizing survey delegations from the GBA region to Vietnam, and periodically organizing investment forums and providing one-stop support services, creating favorable conditions for businesses in the Greater Bay Area to cooperate extensively and achieve investment goals in Vietnam.

Source: https://baodautu.vn/lien-minh-doanh-nhan-vung-vinh-lon-thuc-day-dau-tu-vao-viet-nam-d233161.html