NA Chairman Vuong Dinh Hue receives General Manager of the Power Construction Corporation of China (PowerChina) Wang Bin in Beijing on April 9, 2024. (Photo: VNA/Nhan Sang)

Meeting with General Manager of the Power Construction Corporation of China (PowerChina) Wang Bin, Mr. Hue hailed the scale, potential, and technological level of the company and welcomed its plan to expand investment in Vietnam in the coming time.

He said that the Vietnamese legislature approved one law and amended nine others including the electricity law in early 2022 and will continue to revise laws to attract investors in this field. 

Mr. Wang said that since 2018, PowerChina has focused on developing clean energy in Vietnam. The group has participated in the construction of many energy projects with a total value of more than 9 billion USD, employing 1,000 workers. 

Receiving Vice President of BYD Co., Ltd Liu Huanming, Chairman Hue welcomed the company's new investment plan in Vietnam and affirmed that the Vietnamese NA will support and create favourable conditions for foreign investors to do business effectively in Vietnam.  

BYD Co.,Ltd invested in a factory to make tablets with a total investment of nearly 270 million USD in the northern province of Phu Tho in 2021. The factory now has more than 9,000 employees.

At the meeting with the Vietnamese top legislator, General Director of China Rare Earth Group (CREG) Liu Leiyun said the group wants to strengthen ties with the Vietnam National Coal and Mineral Industries Group and other Vietnamese partners. 

Chairman Hue highly appreciated CREG’s capacity and experience, adding that the mineral industry, including rare earth, is a strategic industry and the foundation for developing many other important industries. 

Meeting with Dong Dexi, Chairman of Board of Directors and General Manager of Haosen, Mr. Hue congratulated the company on its business and investment success and welcomed its new investment plan in Vietnam.