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Vietnamese President Vo Van Thuong (R) and Chairman of Huawei Liang Hua (Photo: VNA)

The Vietnamese State leader said that joining the global trend, Vietnam places great importance on and is intensifying investment in digital transformation and digital economy building. It calls for cooperation from all parties, from the governmental level to the private sector and both domestic and foreign investors, in developing digital infrastructure, digital human resources, and digital-ready legislation.

On the basis of the sound Vietnam - China relations, Vietnam welcomes and hopes for Huawei to cooperate and continue to expand its investment, he went on to say.

Thuong glowingly spoke of what Huawei has obtained during its investment in the country, expressing his hope that the group, which operates in over 170 countries and regions and ranks fourth in the world in terms of research and development investment, will continue cooperating with authorities and businesses of Vietnam to develop digital infrastructure, 5G, broadband, and especially digital human resources.

For his part, Liang said he hopes that with the support and trust of Vietnamese Government and agencies, Huawei will actively help improve Vietnam’s digital competitiveness.

 Vietnam also wishes that Huawei will make greater contribution to the development of a digital economy, digital society, and energy transition in Vietnam, and assist the country to apply scientific and technological advances to agriculture and the processing industry, he noted.

He added that his group is working with some universities to train human resources, and it is ready to cooperate with Vietnam in training digital human resources.

Huawei will go ahead with its contribution to Vietnam’s socio-economic development and increase investment to help with multi-sectoral, diverse, and balanced digital transformation in the country, Liang added.

The same day, President Thuong received Chairman and Executive Director of the ZTE Corporation Li Zixue, during which Thuong praised ZTE's business achievements and its production and cooperation in Vietnam. It is currently a major customer and partner of many telecommunications firms in Vietnam.
He said that Vietnam places great importance on digital transformation and the development of the digital economy. 

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President Vo Van Thuong (R) and Chairman and Executive Director of the ZTE Corporation Li Zixue

Recalling his speech at the BRF, the State leader underscored his call for national-level cooperation between governments and businesses in building the digital institutions, infrastructure and workforce. In this spirit, he said Vietnam wants Chinese companies, especially large, high-tech, and modern ones, to invest and expand their investments in Vietnam, bringing advanced and efficient technology and production lines to the Southeast Asian nation.

Thuong expressed his confident that ZTE will have closer and more effective collaboration with Vietnamese enterprises in the future, contributing to the overall growth of cooperation between Vietnam and China.

The Vietnamese State and Government always pay special attention to improving the local business climate to facilitate the operation of businesses and investors coming to the market, the leader stated.

In response, Li thanked the Vietnamese authorities for their support for the corporation’s investment and operations in Vietnam over the years.

Applauding Vietnam's socioeconomic development progress, he stated that ZTE hopes to contribute to the development of Vietnam's digital infrastructure, thereby strongly supporting the nation’s economic development process.

Chinese investors have so far implemented over 4,000 valid projects worth more than US$26 billion in Vietnam. During the past nine months of 2023, for the first time, China had become the second-largest foreign investor in the nation with a total registered capital of US$2.9 billion.

Vietnamese President receives leader of Asian Infrastructure Investment Bank

President of Vietnam Vo Van Thuong received President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun in Beijing on October 19, on the sidelines of the third Belt and Road Forum for International Cooperation in China.

He spoke highly of the AIIB’s continuous operation expansion, important achievements, growing role as a multilateral development bank, and cooperation with such institutions as the World Bank (WB) and the Asian Development Bank (ADB) to supply capital to meet the infrastructure development demand in Asia, particularly developing countries.

The Vietnamese leader asked the AIIB to coordinate in assisting the members who have high demand for capital and technology, and continue helping to step up infrastructure development in Asia with priority given to the greening process and the improvement of climate change response capacity.

Affirming the thriving cooperation between Vietnam and the AIIB, President Thuong noted that as one of the bank’s founding members, the country has always made active and responsible contributions to the AIIB’s development and shaping of its role in the region and the world.

He also called on the bank to carry out cooperation activities in a more effective manner in the time to come.

At the meeting, Jin praised Vietnam’s considerable contributions to the AIIB’s establishment and activities.

He held that Vietnam holds much potential for sustainable development and pledged more assistance from the AIIB for the public and private sectors in the country to access the bank’s capital sources, especially in the areas of climate change prevention and renewable energy.

Source: VOV/VNA