Chairman of the Provincial People's Committee Nguyen Duc Trung works with the Shanghai Federation of Industrial Economics
Chairman of the PPC Nguyen Duc
Trung met and discussed with the Chairman of the Shanghai Federation of
Industrial Economics before the meeting
Shanghai Federation of Industrial Economics (formerly Shanghai
Industrial Economic Association) was founded in 1991, and is a social
organization approved by the Shanghai Municipal People's Government, affiliated
to the China Federation of Industrial Economics.
Currently, the federation has 500 members, including associations, enterprises
and individuals. The federation has more than 70,000 enterprises, operating in
206 industries and professions such as finance, information, trade, production
services, logistics services, design and exhibition.
To greet Chairman of the PPC
Nguyen Duc Trung and Nghe An delegation to visit and work in Shanghai, Mr. Guan
Weiyong - Chairman of the Shanghai Federation of Industrial Economics looks
forward to strongly promoting cooperative relationship between Nghe An province
and the federation in general and the federation members in particular.
Over the past many years, Shanghai has made remarkable development and
achieved many outstanding achievements. In 2023, Shanghai's total export and
import turnover reach 1,300 billion USD, FDI attraction reaches 24 billion USD,
and overseas investment is nearly 7 billion USD.
Nghe An delegation works with the
Shanghai Federation of Industrial
Economics.
Shanghai is the centre of economics, finance, trade - free trade,
maritime transportation - logistics, science and technology and innovation in
China and around the world.
The Chairman
of the Federation expressed that
Shanghai enterprises are very
interested in the development of Viet Nam and localities and expect cooperation with Viet Nam. In September 2024, about 150 Shanghai enterprises will research and survey investment in
Viet Nam.
In the coming time, the Shanghai Federation of Industrial Economics shall
work with the Consul General of Viet Nam in Shanghai to promote and improve
connection activities in of economics, trade, investment, finance, etc.,
between federation members and localities and enterprises of Viet Nam in
general and Nghe An province in particular.
Addressing at the meeting, Chairman Nguyen Duc Trung expressed his pleasure
and excitement to visit and work in the dynamic, modern, and very developed of
China. He would like to thank the Shanghai Federation of Industrial Economics
and the Consulate General of Viet Nam in Shanghai for greeting and arranging
working time with the delegation.
He also appreciated the important position and role of the Shanghai
Federation of Industrial Economics in promoting economic, trade, financial,
service and investment connection with Shanghai enterprises.
Briefly introducing the socio-economic situation of Nghe An province,
Mr. Nguyen Duc Trung said that Nghe An is a province with complete natural, socio-economic
and infrastructure conditions, considered like a miniature Viet Nam.
In the past two years, Nghe An has developed significantly, consistently
ranking among the top 10 provinces attracting the most FDI in the country of
which in 2022 it attracted nearly 1 billion USD and in 2023 it attracted 1.6
billion USD.
Nghe An province determines that China is a key area and Chinese
enterprises are the main partners in attracting investment to Nghe An province.
There are currently 44 projects of Chinese investors in the province with a
total registered investment capital of more than 2.331 billion USD.
To promote investment attraction, Nghe An province has prepared the
necessary conditions in terms of planning, infrastructure, premises, human
resources, and administrative procedures for investors to research, survey and
decide to invest in the area. Nghe An has the Southeast Economic Zone, if enterprises
invest here they shall enjoy the highest tax and land incentives.
Nghe An province is very interested in enterprises investing regarding
industrial production, processing, manufacturing, electronics production,
optical equipment, new technology products, green energy, and renewable energy.
These are the areas in which enterprises of Shanghai Federation of Industrial
Economics have strengths. The province determined that in order to achieve
development goals, industry must be considered the focus, the driving force and
background.
The province currently has 2,000 hectares of industrial park land with
synchronous, modern infrastructure, meeting the requirements of investors by
branded, professional, and experienced investors such as: VSIP Industrial Park,
WHA Industrial Park, Hoang Thinh Dat Industrial Park for implementation,
Additionally, the province is also submitting to the Prime Minister for
permission to expand the scope of the economic zone to 100,000 hectares and
industrial park land to 8,000 hectares.
On the other hand, traffic from Nghe An to the economic centres of Viet
Nam has basically been completed, ensuring the provision of infrastructure for
investors. Nghe An currently has about 1.6 million people of working age,
providing 45,000 workers each year, with many vocational training
establishments for workers.
In particular, authorities at all levels of Nghe An province are always
ready to accompany and support investors from research and survey to
implementing procedures and putting the project into operation with the
highest, best, fastest spirit, ensuring the project is implemented most
effectively.
Chairman Nguyen Duc Trung hopes that the Shanghai Federation of
Industrial Economics shall pay attention to introducing and connecting member enterprises
to research, survey, and seek investment opportunities in Nghe An province. In
the long term, the two parties shall cooperate to develop and promote economic
activities, trade, financial investment and services on the principle of mutual
benefit.
He also respectfully invited and expected the federation and its members
and enterprises to visit, work, and survey investment in Nghe An in September
2024.
Consul General of Viet Nam in Shanghai
Nguyen The Tung speaks at the meeting. Photo: Pham Bang
Speaking at the meeting, Consul General of Viet Nam in Shanghai Nguyen
The Tung said that currently, many Shanghai enterprises are successfully
investing in Viet Nam. On the other hand, the experiences and development
models of Shanghai are important content for Nghe An province to research and
learn from.
In the coming time, the Consulate General is ready to be a bridge to
promote cooperative relations between Viet Nam in general and Nghe An province
in particular with Shanghai and Shanghai Federation of Industrial Economics.
The Consulate General shall also be a bridge for Shanghai enterprises to research
about the investment and business environment and promote cooperation in Viet Nam
in general and Nghe An in particular.
At the meeting, members of the Shanghai Federation introduced an
overview of their industries, scale, fields of activity and wished to have a
connection to promote investment cooperation in Nghe An in the near future.
Source: Nghe An Newspaper (May 31, 2024)