The Vietnam Electronics Association (VEA) welcomed more than 60 Chinese electronics enterprises to study, survey, and invest in the Vietnamese market in Hanoi on April 18.

This event was to promote cooperation between businesses and introduce Vietnam's current investment environment and investment incentive policies to Chinese electronic enterprises.

Representatives from the Investment Promotion Center of the Ministry of Planning and Investment of Vietnam, the Chinese Business Association in Vietnam, the VEA, and the E-Commerce Department in Shenzhen gave speeches to welcome businesses in Vietnam.

The representatives of two sponsors, My Thuan Industrial Park (IP) and Power China, also gave useful insights about the Vietnamese electronics industry market in recent years.

Tran Anh Duc, a representative of My Thuan IP said, "The park in Nam Dinh province was approved in 2021. It has now already completed levelling and basic infrastructure. Located in a prime spot on the National Highway No.21B, My Thuan IP has very convenient traffic conditions, easily connecting to the centre of Hanoi, the international airport, and Haiphong seaport."

The land in My Thuan IP has been paid by Dai Phong Infrastructure Construction for the entire lease term of 50 years, meaning other investors do not need to pay annual land use tax until 2071.

Dai Phong Infrastructure Construction currently operates in construction, industrial real estate, urban real estate, and mining. With the strong support and investment attraction policy of Nam Dinh province, My Thuan IP promises to become an ideal investment location for manufacturers intending to invest in Vietnam.

Do Hong Quan, general director of Vietnam Investment Consulting said, “We hope to continue to be a support unit, organising more meetings. Such a valuable and practical experience exchange workshop creates a good premise to promote foreign businesses to invest in Vietnam, and helping the economy of the country and foreign-invested enterprises develop economic strength and bilateral as well as multilateral relations.”