Prime Minister Le Minh Hung has called on Chinese businesses to bring advanced technology, management expertise and globally competitive solutions to major projects in Vietnam.
Prime Minister Le Minh Hung. Photo: VGP.
Prime Minister Le Minh Hung chaired a meeting on the morning of August 26 with Chinese businesses investing in Vietnam.
In the first seven months of 2026, bilateral trade reached approximately $184.3 billion, up 35.1%. Chinese investors registered nearly $3.7 billion in capital in Vietnam, while China ranked first in the number of newly registered investment projects, with around 850.
By the end of July 2026, more than 7,000 projects backed by Chinese investors remained active in Vietnam, with total registered capital approaching $37 billion. Investment has increasingly flowed into processing and manufacturing, infrastructure, energy, electronics and technology.
According to the Government News Portal, PM Le Minh Hung welcomed the determination of Chinese businesses to continue investing, expand their operations and maintain a long-term presence in Vietnam.
Vietnam-China relations are developing positively and steadily, while gaining greater depth. The two sides are actively implementing the common understandings reached by the top leaders of the two Parties and countries, advancing the Comprehensive Strategic Cooperative Partnership and building a Vietnam-China Community with a Shared Future that carries strategic significance at a higher level in the new era.
Economic, trade and investment cooperation continues to grow strongly, serving as both a pillar and a bright spot in bilateral relations. China is Vietnam’s largest trading partner, while Vietnam is China’s largest trading partner in ASEAN.
Providing an overview of Vietnam’s socio-economic situation, the Prime Minister stressed that given the potential, strengths and complementary nature of the two economies, together with the directions agreed upon by senior leaders, there remains enormous room for cooperation.
The new phase, he said, should not simply be about “more” cooperation and investment, but about making it “better,” “higher quality,” and “more effective and substantive.”
The Prime Minister expressed hope that Chinese businesses would continue to view Vietnam as a long-term destination for investment, production and business; increase investment with higher quality, more advanced technology and greater spillover effects; and work closely with Vietnamese enterprises to make better use of the potential, strengths and complementary advantages of the two economies.
Businesses should closely follow the major areas of cooperation agreed upon by the senior leaders of the two Parties and countries, taking the lead in turning common understandings and high-level agreements into concrete projects and products.
Priority areas include strategic infrastructure connectivity, particularly railway links between Vietnam and China, urban railways, logistics and smart border gates; clean energy; advanced processing and manufacturing; the digital economy; artificial intelligence; semiconductors; 5G; big data; and emerging industries.
The Prime Minister urged Chinese businesses to make a decisive shift toward investment with higher quality, stronger technology, greater added value and wider spillover effects.
He also called for greater investment in research and development, or R&D, and innovation; stronger links that enable Vietnamese businesses to participate in supply chains and raise local content; substantive technology transfer and workforce training; and investment that meets green and sustainable standards.
Projects should become new hallmarks of bilateral cooperation
Prime Minister Le Minh Hung with ministry and agency leaders and representatives of Chinese businesses. Photo: VGP.
The head of government said every project should not only deliver returns for investors but also contribute to Vietnam’s production capacity, technological capabilities, employment, state revenue and the development of Vietnamese businesses.
For major projects, Chinese businesses should bring advanced technology, management expertise and internationally competitive solutions to Vietnam, creating high-quality and efficient projects and products that can become new hallmarks of cooperation between the two countries.
The Prime Minister said Vietnam is accelerating efforts to build and improve its institutional framework and investment and business environment, while advancing reforms and simplifying administrative procedures.
In particular, procedures are being moved onto the National Public Service Portal so that businesses and investors do not have to resubmit information and data already held by government agencies.
The principle emphasized by the Prime Minister is that regulations must be public, transparent, easy to understand and easy to implement, while reducing the time and compliance costs faced by businesses, including foreign-invested enterprises.
The Prime Minister reaffirmed a commitment to developing together and jointly creating new value: shifting from expanding scale to improving quality; from processing and assembly to technology and innovation; and from standalone projects to highly connected, stable and long-term production chains, supply chains and business ecosystems.
The Vietnamese government will continue listening to and accompanying investors while protecting their legitimate rights and interests, and creating favorable conditions for businesses to invest and operate successfully and sustainably in Vietnam.
Vietnamnet.vn
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