He was speaking at a meeting with Chinese rail and energy sector executives at the World Economic Forum Dalian Summit being held in China from June 24 to 27.

He told Sun Rongkun, chairman of Dalian Locomotive and Rolling Stock Co, that Vietnam has over 2,000 kilometers of rail and 300 stations but does not fully utilize the network.

"But Vietnam now has a different perspective and wants to invest in this form of transport, which can be an affordable alternative to many others."

He sought transfer of technologies and training for personnel from Sun’s company.

Vietnam and China signed a joint statement late last year to deepen their Comprehensive Strategic Partnership in which they agreed to establish a cross-border standard-gauge railway and start services between Chinese localities and Hanoi and Hai Phong.

Sun said his company wants to partner with Vietnam in manufacturing rolling stock and transferring technologies to make them indigenously.

It is willing to invest in railroad projects in Vietnam, especially in the north, and urban services in Hanoi and HCMC, he said.

It has undertaken projects in Laos and Malaysia, he added.

Energy company PowerChina also expressed a desire to participate in urban rail and energy projects in Vietnam.

Chinh said the company should discuss potential projects with related ministries.

The company has had a presence in Vietnam for 24 years, investing in major hydropower projects, 20 solar power and 25 wind power plants.

China speeds up investment in Vietnam

An upward trend has been recorded in Chinese recent investments in Vietnam, which is hoped to help fuel the industries the country has demand for such as high technology, renewables, supporting industries, electronics, and green finance.

Five-month public investment disbursement reaches nearly 27% of target

The disbursement of public investment from the State budget in the first five months of this year was estimated to reach 190.6 trillion VND (7.44 billion USD), equal to 26.6% of the yearly target and 5% higher than the same period last year, according to the General Statistics Office (GSO).

Bac Giang works hard to accelerate public investment disbursement

The northern province of Bac Giang is focusing on removing difficulties to speed up the disbursement of public investment, striving to achieve 100% of the plan set for 2024.

Chairman of Bac Giang Provincial People's Committee Le Anh Duong orders to focus on disbursement of public investment capital and lychee consumption

BAC GIANG - The Bac Giang Provincial People's Committee (PPC) on May 21 held regular meeting in May under the chair of PPC Chairman Le Anh Duong. The event was attended by Lam Thi Huong Thanh, Standing Vice Chairwoman of the Provincial People's Council; three Vice Chairmen of the Provincial People's Committee: Mai Son, Le O Pich, Phan The Tuan.

Vietnam improving readiness to attract foreign investment: official

Vietnam has been applying itself to making institutional, infrastructure, and manpower improvements in efforts to attract more foreign investment, especially in such big industries as electronics and semiconductor, said Deputy Minister of Planning and Investment Do Thanh Trung.

Source: VnExpress