The move is a concrete manifestation of the robust cooperation between the two nations.
Chinese investors have poured nearly $4 billion into Vietnam in January-November 2023. The Hanoi Ancillary Industry Business Association (HANSIBA) and N&G Group inked an agreement on December 6 with CMA, the association of Vietnamese, Indian and Chinese mobile phone companies, to strengthen Vietnam's electronics sector.
Taiwan-invested Inventec Technology Vietnam was granted an investment registration certificate Wednesday for a $125 million project in Hanoi.
The plant, expected to cost US$125 million, covers 16.1ha at the Hà Nội Southern Supporting Industrial Park.
Japan's Onaga Company received an investment certificate on July 15 for a factory manufacturing aircraft and automobile components located in Hanoi Southern Supporting Industrial Park (HANSSIP).