Party General Secretary To Lam welcomed the long-term commitments and expanding investment presence of China’s Luxshare-ICT Group in Vietnam when he received the group’s Vice Chairman Wang Laisheng in Hanoi on November 15.

Party General Secretary To Lam (R) receives China’s Luxshare-ICT Group Vice Chairman Wang Laisheng in Hanoi on November 15.

Speaking at the meeting, the Party chief highly valued Luxshare-ICT’s efforts to promote business and investment cooperation in Vietnam over the past decade. With total registered capital exceeding 1.8 billion USD, the group has created tens of thousands of jobs in Vietnam.

General Secretary Lam thanked Wang for his positive assessment of Vietnam’s development outlook, affirming that the country has recorded encouraging results and will continue striving to maintain political and social stability, economic growth and sustainable development.

He highlighted the recent positive progress in the Vietnam-China relationship, especially in political ties and practical cooperation across multiple fields, which has laid a solid foundation for enterprises of both sides to strengthen exchanges, expand partnerships and achieve shared success.

The Party leader stressed Vietnam’s development vision and important position of science and technology, innovation and digital transformation as new drivers of fast and sustainable development in the new era.

He affirmed that the Party and State consistently welcome foreign enterprises to invest and succeed in Vietnam, pledging equal treatment for all investors and continued efforts to improve the business environment towards greater fairness, transparency and convenience.

General Secretary Lam outlined priority areas where Luxshare-ICT is encouraged to expand investment, including digital economy, green economy, science and technology, innovation, electronic components manufacturing and semiconductor development. He also called on the group to promote technology transfer and support Vietnam in training high-quality human resources.

For his part, Wang briefed his host on the group’s global operations and affirmed that Vietnam remains Luxshare-ICT’s most important overseas manufacturing hub among the 29 countries and territories where it operates.

The group places strong emphasis on training and upskilling Vietnamese engineers and workers, with its rate of workforce localisation consistently among the highest compared to other foreign enterprises.

Agreeing with the important directions set out by the Vietnamese Party leader and expressing strong confidence in Vietnam’s future development, Wang said his group will continue expanding its presence in the country.

It plans to implement several major science and technology and innovation projects in Bac Ninh province and other localities, with projected revenue from new investments expected to exceed 10 billion USD. These efforts will help elevate Vietnam’s position in the regional and global high-tech supply chains.

China remains top investor in Bac Ninh by project numbers

BAC NINH - Bac Ninh province has attracted about 1,392 projects funded by Chinese partners, with total registered capital exceeding 10.8 billion USD, accounting for 42.1% of all projects and 23.7% of total investment in the province.

Vietnam, China strengthen bilateral trade cooperation

The Vietnamese and Chinese ministers agreed on the need to enhance economic and trade coordination amid complex global and regional economic developments.

 

Cross-border passenger train boosts Vietnam–China economic, cultural ties

In August, nearly 2,700 passengers travelled on the Vietnam-China railway line, up 89% from the previous month.

 

Vietnam, China firms partner to supply 1.6 million pigs to southern market

The plan was unveiled at a signing ceremony between the BAF Vietnam Agriculture Joint Stock Company and China’s Muyuan Foods Co. Ltd in Ho Chi Minh City on September 28.

 

Vietnam, China’s Shandong province seek stronger trade links

Vietnam–Shandong trade turnover grew 12.5% in 2024 and surged 18.9% in the first eight months of 2025. Vietnam’s exports to Shandong jumped 29.4% during January - August, making Vietnam the province’s third-largest trading partner in ASEAN.