On February 28, 2025, Vietnamese Prime Minister Pham Minh Chinh met with representatives from several major Chinese companies, including Goertek, Huawei, BYD, and ZTE. The Prime Minister encouraged these corporations to consider Vietnam as a strategic hub for production and business activities. This invitation was part of Vietnam’s broader effort to attract foreign investments and strengthen its position in the global supply chain.
The meeting focused on sectors such as infrastructure, telecommunications, green economy, and clean energy. Companies like Huawei and ZTE, which are already well-established in Vietnam, expressed their confidence in the country’s improving investment environment, particularly in the digital economy and advanced technology sectors. Prime Minister Chinh highlighted the advantages Vietnam offers, including its competitive labor force, favorable investment policies, and strategic location within Southeast Asia.
The Chinese companies expressed interest in expanding their operations in Vietnam, especially in areas aligned with the country’s green transformation and digital economy initiatives. They also discussed the potential for strengthening cooperation in the clean energy sector, which is becoming a priority for both nations as they work toward sustainability goals.
This meeting reflects Vietnam’s growing focus on enhancing bilateral trade and investment ties with China, its largest trading partner. Both sides agreed to collaborate more closely, addressing any challenges that could hinder growth and fostering mutual benefits. The Prime Minister’s message emphasized Vietnam’s readiness to be a stable, cost-effective base for Chinese companies looking to tap into the broader Southeast Asian market while contributing to the region’s economic development.
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