The Guangdong-Hong Kong-Macao Greater Bay Area (GBA), leveraging its key strengths in high technology, international finance, modern logistics, and innovation, will continue to be a crucial strategic partner in Vietnam's development journey, said Mr.Tran Quoc Phuong, Deputy Minister of Finance.
He made the remarks at the Vietnam - Guangdong-Hong Kong-Macao Greater Bay Area Business & Investment Partnership Forum 2025, held on June 13.
According to the Strategy on Foreign Investment Cooperation through 2030, Vietnam prioritizes attracting projects that feature high added value, advanced technology, and are linked to the digital transformation; are environmentally friendly and promote a green transition; deeply integrate into global supply chains; and contribute to the development of infrastructure, supporting industries, and fintech, the Deputy Minister said.
Dr. Jonathan Choi, Chairman of the Guangdong-Hong Kong-Macao Bay Area Entrepreneurs Alliance, and Chairman of the Hong Kong–Vietnam Chamber of Commerce, affirmed that with its strategic location and robust economic capacity, the GBA can contribute significantly to Vietnam's powerful rise in the near future.
Dr. Choi also emphasized, “This trade and investment connection event further reinforces the Greater Bay Area's strong confidence in Vietnam's high-potential market. With its exceptional growth rate and focus on the digital economy, Vietnam is a top-priority destination for GBA businesses in their strategy to expand into the Southeast Asian market.”
As of the end of May 2025, China had 5,543 active investment projects in Vietnam with a total registered capital of $32.85 billion, ranking sixth among all countries and territories investing in Vietnam. Many large Chinese corporations, including businesses from Hong Kong, Guangdong, and Shenzhen, have invested successfully in sectors such as electronics manufacturing, logistics, clean energy, industrial infrastructure, and fintech.
In terms of trade, China is Vietnam's largest trading partner. In 2024, bilateral trade turnover between the two countries reached $205.2 billion, marking a record high for two-way trade.