VCCI–HCM consistently accompanies and supports Chinese businesses in Vietnam

Speaking at the seminar, Trần Ngọc Liêm — Director of the Vietnam Chamber of Commerce and Industry, Ho Chi Minh City Branch (VCCI–HCM) — stated that over the past year, since October 16, 2024, VCCI, together with the Chinese Consulate General and the Chinese Business Association in Vietnam, has organized numerous exchange sessions between Chinese business associations in Vietnam and Vietnamese business associations. Through these meetings, both sides recognized the necessity of closer coordination to support the business communities of the two countries.

He emphasized that for both China and Vietnam, the role of businesses is extremely important. This is especially true as Vietnam has recently completed its streamlined two-tier government structure and set ambitious GDP growth targets — 8% in 2025 and from 10% onward starting in 2026. Achieving these goals depends heavily on the effective participation and partnership of the business community.

Regarding Vietnam–China economic relations, the VCCI–HCM Director noted that China is currently Vietnam’s largest import market. Total bilateral trade turnover between Vietnam and China is also the highest compared with all other markets Vietnam trades with. In particular, Chinese investors in Vietnam play a crucial role in contributing to Vietnam’s export performance to global markets.

He added:

“VCCI–HCM is the largest branch of VCCI. VCCI is a national organization representing four groups: enterprises, business associations, entrepreneurs, and employers in Vietnam.”

The VCCI–HCM Director also highlighted several key issues Chinese businesses should pay attention to when investing and operating in Vietnam, especially in the southern region:

– First, tax matters and tax policies. All businesses — Vietnamese or Chinese — must clearly understand tax regulations to properly execute their plans. Failure to do so may lead to significant risks.

– Second, Chinese manufacturing enterprises must understand business legal requirements and export procedures. Even companies that do not export directly but supply goods to exporters must comply with regulations related to import–export and rules of origin.

Việt Nam – điểm đến hấp dẫn của doanh nghiệp Trung Quốc

Vietnam — an attractive destination for Chinese businesses

Speaking at the event, Mao Renlai — Vice Chairman and Head of the Supervisory Board of the Chinese Business Association in Vietnam, and Chairman of the Zhejiang Business Association in Vietnam — outlined three main reasons why Vietnam has become a top destination for Chinese investment:

– Vietnam’s government offers attractive incentives, including tax reductions, land-rent incentives, administrative reforms, and significant improvements in the business environment. Vietnam especially encourages foreign investment in manufacturing, high technology, and supporting industries.

– Vietnam benefits from global supply chain restructuring. As multinational corporations adopt the “China +1” strategy, Vietnam has emerged as a strategic destination for production diversification.

– Vietnam is integrating deeply into global supply chains, particularly in key industries such as electronics, textiles, furniture, and high–value manufacturing.

VCCI–HCM — a bridge supporting Chinese enterprises

As a representative organization of the business community, VCCI–HCM consistently supports Chinese businesses in Vietnam through networking activities, policy consultation, and trade and investment promotion. This role serves as an important bridge that strengthens bilateral economic cooperation and creates favorable conditions for Chinese enterprises to operate effectively and sustainably in Vietnam.