Vietnam always welcomes foreign investors, including those from Hong Kong (China), to invest in the country in a spirit of “harmonizing interests and sharing risks”, Minister of Planning and Investment Nguyen Chi Dung said in his address to the 8th Belt and Road Summit in Hong Kong (China) on September 13.

He stressed that Hong Kong (China) has an important role to play in connecting Vietnam with the region and many powers such as the EU and the US, especially in the fields of science and technology, innovation, finance, trade, and logistics.

Sharing Vietnam’s experience in economic development, Mr. Dung said it has effectively implemented three breakthrough strategies during recent years in institutional reform, infrastructure development, and human resource improvements.

It is focusing on renewing its growth model based on science and technology and innovation and promoting digital transformation and green transition to achieve its targets of posting net-zero emissions by 2050 and becoming a developed nation with high incomes by 2045, he said.

To promote the Belt and Road Initiative’s role as a catalyst for regional cooperation and development, Mr. Dung proposed that Vietnam, China, and regional countries increase policy connectivity and share development information and experience.

Regional countries need to boost transport network links and facilitate trade by opening their doors to more goods, he added.