Vietnam is becoming an increasingly popular destination for Chinese investment, diversifying into sectors such as energy, green development, and the digital economy. In the first 11 months of 2023, China invested $3.96 billion into Vietnam, with major projects like the $1.5 billion Jinko Solar photovoltaic cell project in Quang Ninh province.
Chinese enterprises are expanding their investments in Vietnam’s northern provinces, contributing to the development of supporting industries and leveraging the country’s strategic location and economic integration. Vietnam’s competitive labor market and skilled workforce are additional attractive factors for Chinese investors. Large-scale investments are expected to continue, with Vietnam positioned as a key investment hub for Chinese businesses looking to capitalize on trade with potential export partners.
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