Thai Binh Province investment promotion Delegation: Visiting and working with some Chinese enterprises and groups

Within the framework of the investment promotion program in the People’s Republic of China, on 21 August, in Shenzhen City (Guangdong Province), the working delegation of Thai Binh Province led by comrade Ngo Dong Hai, Member of the Central Party Committee, Secretary of the Provincial Party Committee, visited and worked with Zhong Li Investment Consulting Company, Kaiyi Auto Company and BYD Group.

 Comrade Ngo Dong Hai, Member of the Central Party Committee, Secretary of the Provincial Party Committee, and delegates attended the working session with Zhong Li Investment Consulting Company.

These are large-scale enterprises and groups in China, in which Kaiyi Auto Company was founded by Chery Group and is recognized as the most standard smart automobile factory in China with 3 modernization criteria: Flexibility, intelligence and environmental protection; BYD Group has a history of nearly 30 years of establishment. Up to now, the Group has established more than 30 industrial parks on 6 continents and plays an important role in industries related to electronics, automobile, renewable energy and railway transport.

Comrade Ngo Dong Hai, Member of the Central Party Committee, Secretary of the Provincial Party Committee attended the working session with Zhong Li Investment Consulting Company.

Delegates attended the working session.

Representative of Kaiyi Auto Company introduced the production and business activities of the enterprise.

At the working sessions, provincial leaders and representatives of enterprises and groups discussed and clarified the process of formation and development, production and business strengths of enterprises and groups; potentials, strengths and investment attraction results of the province in recent times.

In the province, Thai Binh Economic Zone with has been established with an area of 30,583 ha, in which over 8,000 ha of land is for industrial development; 10 industrial parks (including 4 industrial parks in the Economic Zone) and 49 industrial clusters have been established with a total area of nearly 3,000 ha, the land has been cleared and infrastructure has been built, always ready to welcome Chinese investors.

Comrade Ngo Dong Hai, member of the Party Central Committee, Secretary of the Provincial Party Committee, and delegates in the delegation took a souvenir photo with the leaders of Zhong Li Investment Consulting Company.

By June 2024, Thai Binh had 160 FDI projects with a total registered investment capital of over 5 billion USD, including 21 direct investment projects of Chinese investors with a total registered investment capital of about 507 million USD, accounting for 13% of projects and 10% of investment capital compared to the total number of FDI projects in the province. The main investment fields include: textile and garment, footwear, hardware manufacturing, electronics. These include Shengli Vietnam Special Steel Company, Greenworks Company Limited (Vietnam), Capital Holding Real Estate Investment and Trading Joint Stock Company... In particular, at the end of 2023, Geleximco Group (Vietnam) and Omoda & Jaecoo Automobile Company Limited (under Chery Automobile Manufacturing Group, China) organized the signing of a principle contract on the investment cooperation project to build an automobile assembly and manufacturing factory in Hung Phu Industrial Park (Tien Hai).

Comrade Ngo Dong Hai, member of the Party Central Committee, Secretary of the Provincial Party Committee presented gift to the leader of Zhong Li Investment Consulting Company.

Speaking at the working session with enterprises and groups, comrade Ngo Dong Hai, Member of the Party Central Committee, Secretary of the Provincial Party Committee emphasized: In order to realize the planning of Thai Binh province in the period of 2021 - 2030, with a vision to 2050, Thai Binh prioritizes to attract reputable and branded enterprises to invest in large-scale projects with high added value, producing products participating in the global value chain, and being environmentally friendly.

Comrade Ngo Dong Hai, Member of the Party Central Committee, Secretary of the Provincial Party Committee and delegates in the delegation visited and worked at BYD Group.

Respectfully inviting enterprises and groups to come to research and cooperate in investing in the province in the coming time, the Provincial Party Secretary affirmed: With the advantages and development potentials of Thai Binh province in the context of Vietnam’s strong development, along with transparent preferential mechanisms and the spirit of perfection, readiness to cooperate, and high determination of the leadership team of Thai Binh province, Thai Binh will certainly be a reliable destination for domestic and foreign investors in general, and Chinese investors in particular. At the same time, he committed that Thai Binh province would always accompany and create the most favorable conditions for enterprises and groups to come to learn about investment cooperation opportunities, efficient production and business, and develop together in the province.

Comrade Ngo Dong Hai, member of the Party Central Committee, Secretary of the Provincial Party Committee, and delegates in the delegation worked at BYD Group.

Comrade Ngo Dong Hai, member of the Party Central Committee, Secretary of the Provincial Party Committee presented gift to the leader of BYD Group.

Author: T.Dat (summarized)