Chairman of the Provincial People's Committee Nguyen Duc Trung worked with the Shanghai Industrial Economic Federation

Joining the delegation, on the provincial leadership side were comrade Nguyen Nam Dinh - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Council; together with leaders of the Provincial People's Committee Office, Southeast Economic Zone Management Board, Department of Industry and Trade, Provincial Party Organization Committee, Department of Foreign Affairs, Department of Planning and Investment.

On behalf of the Consulate General of Vietnam in Shanghai, there was Comrade Nguyen The Tung - Consul General.On behalf of the Shanghai Industrial Economics Federation, there were:Guan Weiyong - President of the Federation; Pei Qi - Executive Vice President and Secretary General of the Federation; Qiu Ping - Executive Vice President of the Federation; and other members of the federation.

Shanghai Industrial Economics Federation (formerly Shanghai Industrial Economics Association) was founded in 1991, is a social organization approved by the Shanghai Municipal People's Government, directly under the China Industrial Economics Federation.

The federation currently has 500 members, including association members, corporate members and individual members. The federation has more than 70,000 enterprises, operating in 206 industries and professions such as finance, information, trade, manufacturing services and logistics, design and exhibition services.

Welcoming Chairman of the Provincial People's Committee Nguyen Duc Trung and the delegation of Nghe An province to visit and work in Shanghai, Mr. Guan Weiyong - Chairman of the Shanghai Industrial Economic Federation wished to strongly promote the cooperative relationship between Nghe An province and the federation in general and its members in particular.

Over the past years, Shanghai has made great strides in development and achieved many great achievements. In 2023 alone, Shanghai's total import and export turnover reached 1,300 billion USD, attracting FDI of 24 billion USD, and investing abroad of nearly 7 billion USD.

Shanghai is the center of economics, finance, commerce - free trade, shipping - logistics, science and technology and innovation not only of China but also of the world.

The Chairman of the Shanghai Industrial Economic Federation said that Shanghai enterprises are very interested in the development of Vietnam and its localities and expect to cooperate with Vietnam. In September 2024, about 150 Shanghai enterprises will come to study and survey investment in Vietnam.

In the coming time, the Shanghai Industrial Economic Federation will work with the Vietnamese Consulate General in Shanghai to promote and promote connection activities in the fields of economics, trade, investment, finance... between members and localities and enterprises of Vietnam in general and Nghe An province in particular.

Speaking at the meeting, Chairman of the Provincial People's Committee Nguyen Duc Trung expressed his joy and excitement to visit and work in the dynamic, modern and highly developed city of Shanghai in China; at the same time, he sincerely thanked the Shanghai Industrial Economic Federation and the Vietnamese Consulate General in Shanghai for welcoming and arranging time to work with the delegation.

The Chairman of the People's Committee of Nghe An province also highly appreciated the important position and role of the Shanghai Industrial Economic Federation in promoting economic, trade, financial, service development activities and investment connection of enterprises in Shanghai.

Introducing the general socio-economic situation of Nghe An province, comrade Nguyen Duc Trung said that Nghe An is a province with relatively complete natural, socio-economic and infrastructure conditions, and is likened to a miniature Vietnam.

In recent years, Nghe An has made a shift in economic development, ranking among the top in the country. Notably, Nghe An's FDI attraction in the past 2 years has been in the top 10 in the country, attracting nearly 1 billion USD in 2022 and 1.6 billion USD in 2023.

Nghe An province has identified China as a key area and Chinese enterprises as the main partners in attracting investment in Nghe An province. There are currently 44 projects of Chinese investors in the province with a total registered investment capital of more than 2.331 billion USD. The projects focus on the fields of manufacturing electronic components, auto parts, solar energy equipment, optical lenses, leather and footwear, and textiles.

To promote investment attraction, Nghe An province has prepared the necessary conditions for planning, infrastructure, land, human resources, and administrative procedures for investors to come to study and decide to invest in the area. Nghe An has the Southeast Economic Zone, and businesses investing here enjoy the highest level of tax and land incentives.

Nghe An province is very interested in businesses investing in the fields of industrial processing, manufacturing, electronics production, optical equipment, new technology products, green energy, and renewable energy.

These are the areas where enterprises in the Shanghai Municipal Industrial Economic Federation have strengths. Because the province has determined that, to achieve development goals, it is necessary to consider industry as the focus, taking industry as the driving force and foundation.

The province currently has 2,000 hectares of industrial park land with synchronous and modern infrastructure, meeting the requirements of investors, implemented by branded, professional and experienced investors such as VSIP Industrial Park, WHA Industrial Park, Hoang Thinh Dat Industrial Park. The province is also submitting to the Prime Minister for permission to expand the scope of the economic zone to 100,000 hectares and industrial park land to 8,000 hectares.

On the other hand, the traffic connection from Nghe An to the economic centers of Vietnam has been basically completed, ensuring the provision of infrastructure for investors. Nghe An currently has about 1.6 million people of working age, providing 45,000 workers each year, many vocational training facilities serve the needs of skill training for workers.

In particular, the authorities at all levels of Nghe An province are always ready to accompany and support investors from research and survey to carrying out procedures and putting the project into production with the highest, best and fastest spirit, ensuring the project is implemented most effectively.

Chairman of the Provincial People's Committee Nguyen Duc Trung hopes that the Shanghai Industrial Economic Federation will pay attention to introducing and connecting member enterprises to research and survey, and seek investment opportunities in Nghe An province. In the long term, the two sides will cooperate to develop, promote economic activities, trade, financial investment, and services on the principle of mutual benefit and win-win.

The Chairman of the Provincial People's Committee also respectfully invited and hoped that the federation and its members and enterprises would visit, work and survey investment in Nghe An in September 2024.

Speaking at the meeting, Vietnamese Consul General in Shanghai Nguyen The Tung said that many Shanghai enterprises are currently investing successfully in Vietnam. On the other hand, Shanghai's experiences and development models are important content for Nghe An province to study and learn from.

In the coming time, the Consulate General is ready to be a bridge to promote cooperation between Vietnam in general and Nghe An province in particular with Shanghai city and Shanghai Industrial Economic Federation. The Consulate General will also be a bridge for Shanghai enterprises to come to learn about the investment and business environment, promoting cooperation in Vietnam in general and Nghe An in particular.

At the meeting, members of the Shanghai Industrial Economic Federation introduced the industry, scale, and field of operation and wished to have connections to promote investment cooperation in Nghe An in the coming time.