Chinese construction companies seek to expand infrastructure investment in Vietnam
At a November 12 meeting with Vietnam’s construction contractors association, several Chinese companies proposed cooperation on railways, ports, energy and industrial parks. PowerChina sought closer ties in energy and infrastructure, while CCCC expressed interest in the Lào Cai–Hà Nội–Hải Phòng railway and equipment production in Vietnam.
On the afternoon of November 12, the Vietnam Association of Construction Contractors (VACC) met with the China International Contractors Association (CHINCA). Several Chinese construction companies expressed interest in working with Vietnamese firms on local transport, energy and industrial park infrastructure projects. At this stage, their statements are expressions of interest and project proposals.
A representative of PowerChina said the group hopes to expand cooperation with Vietnamese companies in energy and infrastructure. The group recently joined the general contracting consortium for the Dầu Tiếng 5 solar power plant and participated in the first section of the Phú Quốc urban railway project. It has operated in Vietnam since 2000 and has helped implement more than 70 projects, mainly as a contractor, with contracts totaling about US$9 billion.
A representative of China Communications Construction Company (CCCC) proposed participating in railway connectivity projects, with a particular focus on the Lào Cai–Hà Nội–Hải Phòng railway and a port network integrated with logistics. The company is also interested in urban infrastructure, new energy and equipment for industrial parks. It said that, if given an investment opportunity, it hopes to gradually establish production in Vietnam and build a local supply chain.
A train on the Cát Linh–Hà Đông urban railway passes the intersection of Nguyễn Trãi, Nguyễn Xiển and Khuất Duy Tiến roads.（VietVance）
CHINCA Chairman Phương Khải Thần said Vietnam has strong demand for high-speed railways, urban railways, expressways, and commercial and industrial buildings. The association will support Chinese companies in visiting Vietnam and finding partners. Representatives of Vietnamese companies also proposed stronger cooperation on railway technology transfer, equipment localization, renewable energy and industrial park development.
CHINCA Chairman Phương Khải Thần speaks at the meeting with VACC on November 12.（VietVance）
VACC Chairman Nguyễn Quốc Hiệp said Vietnam’s push to develop large-scale infrastructure offers opportunities for companies from both countries to cooperate. In the first seven months of this year, Chinese investors registered nearly US$3.7 billion in capital in Vietnam across about 850 new investment projects. By the end of July, more than 7,000 Chinese investment projects remained active, with total registered capital of nearly US$37 billion.
Source: VietVance
