A high-level delegation from Vietnam's Hai Phong city, led by Hai Phong Party chief Le Tien Chau, is visiting Shenzhen to entice enterprises to invest in the city's burgeoning economic landscape.
An investment promotion conference, held at the Wuzhou Guest House in Futian District yesterday, introduced Hai Phong's preferential policies and development opportunities to Chinese enterprises.
During the event, a series of cooperation agreements were signed and direct talks were held for companies.
"We have just reached a preliminary agreement with a developer in Hai Phong, and we can form a cooperative relationship to provide corresponding solutions for Chinese manufacturing enterprises that want to invest in Hai Phong," said Chen Wei, deputy general manager of Shenzhen Horb Technology Co. Ltd.
Cheng Lei, general manager of the marketing department at Guangxi Deke New Materials Group, said the conference was quite informative. "We got the contact information for many companies and will carefully study the business opportunities later," he said.
The delegation's itinerary in Shenzhen was packed with meetings and symposiums with institutions and businesses.
On Monday, the delegation visited the Federation of Shenzhen Commerce in Nanshan District. There, a meeting held by the two parties attracted nearly 80 Shenzhen enterprises.
According to the federation, it will organize a delegation to visit Hai Phong in the near future, and industrial parks there will be the focus.
Because Hai Phong city is currently building its first economic free trade zone, the delegation also made a significant visit to the China Center for Special Economic Zone Research, Shenzhen University and engaged in talks with experts, scholars, and entrepreneurs.
The delegation also visited Shenzhen Investment Holdings Co. Ltd., where the two parties exchanged views on the development of the China-Vietnam (Shenzhen-Hai Phong) Economic and Trade Cooperation Zone, which is Shenzhen's first overseas economic and trade cooperation zone.
The zone is a cornerstone in China-Vietnam economic relations, having generated over 15,000 job opportunities and a cumulative output value exceeding US$3.2 billion, data show.