At the Việt Nam-China Trade and Investment Cooperation Forum held in Beijing on June 28, Prime Minister Phạm Minh Chính called on Chinese investors to continue to invest in Việt Nam.

This forum was organised by Việt Nam's Ministry of Planning and Investment and the China Council for the Promotion of International Trade on the occasion of PM Chính's official visit to the People's Republic of China.

Prime Minister Chính stated that Việt Nam attracts foreign direct investment (FDI) projects meeting criteria on efficiency, sustainable manner, quality, technology and environmental protection.

Việt Nam prioritises FDI on projects in the fields of high technology, innovation, and research and development. It also gives priority to projects that promote develop the circular economy in Việt Nam and create favourable conditions for Vietnamese enterprises to participate in the value chain.

Việt Nam also calls on Chinese investors to participate in the development of strategic infrastructure projects, such as railways and highways.

To improve the quality and efficiency of investment activities in Việt Nam, Chính said that Việt Nam will continue to improve the business investment environment to be more transparent, favourable and internationally competitive. It will also perfect mechanisms, policies and laws, and reduce and simplify administrative procedures and business conditions.

Speaking at the forum, Chinese Vice Premier Liu Guozhong thanked the business communities of Việt Nam and China for making important contributions to promoting economic cooperation between the two countries.

Vice Premier Liu said that the China-Việt Nam political trust is being enhanced, and economic, trade and investment collaboration is maintaining steady growth.

He said the cooperation in trade and investment between Việt Nam and China maintains growth. Việt Nam is China's 4th largest trading partner. Bilateral trade turnover reached US$175 billion in 2022.Meanwhile, China is the largest trading partner of ASEAN, including Việt Nam, which accounts for a quarter of the total trade turnover between China and ASEAN. More and more Chinese enterprises are investing in Việt Nam and the nation is still one of the top destinations receiving large investment from Chinese enterprises in ASEAN.

The world is changing fast, China and Việt Nam need to promote trade cooperation to a higher and new level, Vice Premier Liu Guozhong said. China is willing to work with Việt Nam to fully promote the China-ASEAN Free Trade Agreement. China also promotes bilateral trade balance.

According to the Vice Premier, China and Việt Nam still have a lot of room for cooperation in development of supply chains. China will encourage and create conditions for enterprises with strong potential, good reputations and high technology to invest in Việt Nam.