PM receives Chinese business leaders

NDO – Prime Minister Nguyen Xuan Phuc has suggested that the two Chinese companies, Sunshine Kaidi New Energy Group Co Ltd., and China Huarong Asset Management Co Ltd., establish cooperation to carry out joint projects in Vietnam.

The PM made the appeal at a reception for Chen Yilong, Chairman of Sunshine Kaidi New Energy Group Co Ltd., and Jiang Rongjian, Deputy Director of China Huarong Asset Management Co Ltd. in Hanoi on July 31st.

The PM has called on Chinese businesses to increase their investment in important sectors in Vietnam, with special attention given to technological and environmental issues.

Chen Yilong said Kaidi, Huarong and Hanoi General Import and Export JSC (Geleximco) of Vietnam has set up an international investment fund worth US$15 billion. Kaidi is keen on investing in thermo-electric plants in Vietnam and commits to building environmentally-friendly factories with cutting-edge technologies with the highest environmental standards. According to Kaidi this will help the country meet its energy demands.

He also has stated that the company is equally interested in investing in Vietnam’s major infrastructure projects such as airports, seaports, logistical services and urban expressways, therfore contributing to the country’s overall infrastructural development.

For his part, Jiang Rongjian said Huarong is China’s largest unit in assets, finance and monetary management with its assets valued at US$ 220 billion in 2016.

Kaidi is Huarong’s long-term partner, has stated , that his company hopes to participate in a number of big investment projects in Vietnam.

Applauding ideas raised by the two companies, PM Nguyen Xuan Phuc stated that with state-of-the-art technologies, high environmental standards and on-schedule progress, the companies will actively contribute to the relations between Vietnam and China.

The PM emphasized the Vietnamese Government’s viewpoints on suitable structure of coal-fueled thermo electricity and renewable energy, stating that Kaidi-invested thermo power plants in Vietnam have been listed in the national Power Development Master Plan VII.

The leader suggested for Kaidi to have specific working sessions with competent Vietnamese agencies to discuss these projects.

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