Investment

The project aimed at supporting the development of the Chu Lai Open Economic Zone and surrounding areas, one of central Vietnam’s major economic and industrial hubs.

During their talks in Hanoi on June 8, the two PMs vowed to enhance economic connectivity and joint work in culture, education and tourism.

The sea should not be viewed solely as an area for resource exploitation or sectoral economic development. It must be recognized as a strategic national development space where economic growth, national defense, security, science and technology, and international integration converge, said Party General Secretary and State President To Lam.

The two sides agreed to work together in implementing economic cooperation agreements in a bid to raise the two-way trade to $10 billion by 2030.

Vietnam must overhaul its development model based on science, technology, and digital transformation, while ensuring the safety of the ecological environment in order to achieve rapid, sustainable growth and high-income status, Party General Secretary and State President To Lam said in his article.

Vietnamese investments were channelled into 33 countries and territories in the first five months of the year.