ACC Led a Chinese Media Delegation to Ho Chi Minh City and Tay Ninh Province in Viet Nam

On 1 July 2016, ASEAN-China Centre (ACC) led a Chinese media delegation to conduct interviews in Ho Chi Minh City and Tây Ninh Province in Viet Nam.

The delegation interviewed H.E. Mr. Tran Vinh Tuyen, Vice Chairman of People’s Committee of Ho Chi Minh City. Vice Chairman Tran welcomed the delegation, outlined the city’s economic and social development, as well as its cooperation with other parts of the world. He said Ho Chi Minh City had developed quite fast. With a population of over 10 million, it was the center of economy, commerce, finance, tourism and services in Viet Nam. Its economic aggregate and fiscal revenues both accounted for 30% of the national total. The city was one of the few in Viet Nam that boasted semi-conductor processing and manufacturing technologies and had attracted a host of world-renowned high-tech companies. Business exchanges between the Ho Chi Minh City and China had been on the rise. Trade between the two sides in 2015 totaled USD 3.1 billion, up by 37%. In the first half of 2016, it reached USD 1.57 billion, up by 8.24%. China was the biggest destination of agricultural exports from Viet Nam, accounting for 1/3 of the total exports of Viet Nam. He said that Viet Nam and China enjoyed huge cooperation potential and he looked forward to greater cooperation and better communication channels between the two sides so as to facilitate cooperation between the companies and help Vietnamese companies find more competitive and credible Chinese partners. The Municipal Government of the Ho Chi Minh City would step up urban management, ensure political stability and social security and provide stronger guarantee for economic development. 

The media delegation also visited Phuoc Dong Industrial Park in Tây Ninh Province near the Ho Chi Minh City, in particular Sailun (Viet Nam) Co. Ltd. The Chief Finance Officer Mr. Du Weifeng gave a brief introduction on the history, production and performance of the company. He pointed out that Sailun Jinyu Group was the first private Chinese tire company listed on A Shares. Sailun (Viet Nam) Co. Ltd. was established in 2012, which was a wholly-owned subsidiary and one of the important production bases worldwide. The company had completed the Phase One project. With a total investment of USD 300 million, an area of 150,000 square meters, annual sales revenue of USD 324 million and more than 1800 staff, it had become a key foreign-funded company in Viet Nam. Phase Two project was launched in March 2016 and would provide 1,500 jobs upon completion. 80% of its products were sold to North America, Europe, South America and Australia, 20% to Southeast Asia. It had a market share of 10% in Viet Nam. Mr. Du said the company actively fulfilled its corporate social responsibility, earned a good reputation and won strong support of the authorities of all levels in Viet Nam. Under the background of the Belt and Road, the company was adopting equipment, logistics systems and model of production and organization that were more automated, smart and Internet-based, in a bid to become a model among the overseas factories of Chinese tire companies. The media delegation also had in-depth communication with representatives of the company about the advantages of Viet Nam in attracting foreign investment, its land and tax policies for industrial parks and future development of the company. 

On 2 July, the media delegation left Ho Chi Minh City for Hanoi to continue reporting trip.