Vietnam seeks Chinese investments in energy and infrastructure


Vietnam's Deputy Prime Minister Phạm Gia Tuc (right) receives Will Wang, Huawei’s Vice President for the Asia-Pacific region and CEO of Southeast Asia.

HANOI: Vietnam is seeking to deepen cooperation with major Chinese companies in technology, energy and infrastructure as the country aims to promote digital transformation, clean energy and transport connectivity, Deputy Prime Minister Pham Gia Tuc says.

Tuc said this at meetings in Nanning, China, with senior executives from Huawei, China Communications Construction Company (CCCC) and China Energy Engineering Corp (CEEC), during his visit to attend the 23rd China-Asean Expo and China-Asean Business and Investment Summit.

Meeting Huawei’s vice-president for Asia-Pacific and chief executive officer of South-East Asia, Will Wang, the Deputy PM welcomed the company’s contribution to the development of digital infrastructure and human resources in Vietnam.

He called on Huawei to enhance cooperation with Vietnam’s priority sectors, including artificial intelligence (AI), next generation telecommunications, computing, data centres and green energy, while moving beyond supplying products and equipment, towards joint research and development and the creation of technology products and solutions with Vietnamese partners.

In response, Wang said Huawei sees strong potential for further cooperation in Vietnam and is ready to support the country’s digital economy, green transition and high-tech workforce development.

At the meeting, the Deputy PM stressed that Vietnam considered science and technology, innovation, digital transformation and AI important drivers of economic growth.

He urged Huawei to work with Vietnamese ministries and agencies to identify specific projects, including pilot projects with potential for wider applications, and to strengthen training in AI, digital technologies and green technology, as well as cooperation in clean energy to support sustainable growth.

At a meeting with CCCC deputy general manager, Yang Yisheng, Tuc said Vietnam was accelerating infrastructure development and welcomed Chinese companies with the capabilities, experience and technology to expand cooperation and investment.

“Vietnam is implementing a number of major projects in roads, railways, urban rail, aviation, seaports and other infrastructure,” he said.

Tuc called on CCCC to study Vietnam’s infrastructure and seaport plans and identify suitable investment opportunities.

He also welcomed the group’s interest in railway projects and called for close coordination with Vietnamese authorities to advance proposals.

CCCC said Vietnam was an important market for the group and expressed interest in expanding cooperation in transport infrastructure, logistics, seaports, green energy and large-scale infrastructure projects.

The company proposed taking part in railway connectivity projects, including the Lao Cai-Ha, Noi-Hai Phong, as well as port and logistics development, green energy and road and waterway projects.

At a separate meeting with CEEC deputy general manager, Zhang Deliang, Tuc welcomed the company’s continued investment and cooperation in energy in Vietnam, as the country is hastening the construction of energy infrastructure, renewable energy and green transition.

CEEC said it planned to expand cooperation in renewable energy, gas-fired power and new energy projects, and was prepared to mobilise capital, technology and expertise for projects aligned with Vietnam’s energy development plans.

The company also expressed interest in railway projects linking Vietnam and China, including Lao Cai-Ha Noi-Hai Phing, Dong Dang-Hanoi and Mong Cai-Ha Long-Hai Phong.

Tuc said Vietnam has substantial demand for energy to support economic growth and is promoting renewable and new energy sources, including wind, solar and offshore wind power.

He urged CEEC to study and propose specific cooperation models.

Tuc also called on CEEC to develop solutions for expanding electricity generation and transmission capacity, including energy-storage technologies. — Viet Nam News/ANN

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Upside risk for inflation
Binastra 1H revenue up 93% to RM1.3bil
Warsh defies Trump, hikes rates to contain inflation
Tan Chong, Saike explore EV battery pack localisation in Malaysia
US-China summit to test trade truce amid disputes
AirAsia falls 21% as rivals weigh market share
UMediC poised for solid near-term revenue visibility
RLEB bags Sarawak solar facility project
Ringgit outlook hinges on US rates
Power sector’s investment needs to rise to RM95bil

Others Also Read