on july 24, 2020, the "investment opportunities in vietnam conference " was jointly held by infinite capital holding company (hereinafter referred to as "icap") in guangzhou with the consulate general of vietnam in guangzhou, china export & credit insurance corporation and guangzhou foundation for international exchange and cooperation. the relevant departments of provincial and municipal governments, the belt and road research institute (shenzhen) for international cooperation and development, and 20 selected enterprises such as china paint, china construction fourth engineering division corp. ltd, and tongyi industry (the shareholders of icap) (300538), hybio pharmaceutical (300199), wondfo biotech (300482), and dazhi technology (300530) attended the conference.
during the conference, six consuls from the consulate general of vietnam in guangzhou, including consul general deng shixiong, shared vietnam's development, preferential policies for foreign enterprises' investment, the industries distribution, and crucial development industries' direction in vietnam. meanwhile, they also answered the questions encountered when enterprises invest in vietnam.
consul general deng shixiong, consulate general of vietnam in guangzhou, gave a keynote speech.
the conference also catches the concerns of one belt - one road business alliance. the director of the belt and road research institute (shenzhen) for international cooperation and development and president tao yitao also attended the conference, sharing the history and direction of china and vietnam's special economic zones development.
president tao yitao shared the expertise of special economic zones development between china and vietnam
china export & credit insurance corporation, as the overseas investment partner of icap, also introduced to enterprises with the standard political and financial risks and risk aversion in overseas investment. china export & credit insurance corporation, as the only policy insurance company in china, helps enterprises invest abroad more safely and confidently.
general manager of business department of china export & credit insurance corporation guangdong branch, mr. ning ziqiang, gave a speech
on the investment environment in vietnam:
vietnam's economy has been growing steadily, the import and export trade volume of foreign-funded enterprises accounts for more than 65% of vietnam's total trade volume in 2019, mainly in the manufacturing and processing industry;
capital from south korea, japan, singapore and china have attracted vietnam's preferential policies for foreign investment. the trade volume between vietnam and china in 2019 reached 162 billion us dollars, an increase of 9.6% compared with the same period of the previous year, according to the statistics of china customs
at present, the opportunities and prospects in vietnam are mainly reflected in stable economic growth, demographic dividend, similar to china's cultural background, geographical advantages, stable political situation, open policy, integrate rapidly into the world economy, etc。
icap will carry out deep cooperation with vietnamese partners in cross-border e-commerce, industrial parks, enterprise investment and mergers, etc.