Jiayuan International Signs Hanoi Investment Agreement to Deepen Southeast Asia Strategic arrangement

2018-10-06


On October 4, 2018, the "30-Year Conference on Foreign Investment in Vietnam" was successfully held at the National Convention Center in Hanoi. Shen Tianqing, Chairman of Jiayuan International Holdings Co., Ltd. (hereinafter referred to as the Group) attended the meeting and signed an investment with Hanoi Dean of the People's Committee of the People's Republic of China The memorandum of cooperation covers business areas such as office buildings and hotel building. Also present at the meeting were Vietnamese Prime Minister Yan Chunfu, Deputy Prime Minister Wang Tinghui, Minister of Planning and Investment Qi Zhiyong, Chairman of the Vietnam Business Forum, Chairman of the EU Chamber of Commerce in Vietnam, the Japanese Chamber of Commerce and the Korean Chamber of Commerce.

After more than 30 years of vigorous development, Hanoi, Vietnam has gradually become an international metropolis. In the first nine months of 2018, Hanoi’s total capital attracted foreign direct investment was about $6 billion, ranking first in the country.
In his meeting, President Zhai Dezhong said that foreign businessmen with capital and technological advantages have made significant contributions to the socio-economic development of the capital of Hanoi in the past few years, creating employment opportunities for more than 270,000 young workers and helping the city to deepen its integration into the global economy. Diversification of exports has helped Hanoi to maintain a high growth rate of 7.1% on average in recent years.

Earlier, the group had begun to inspect the Southeast Asian market and announced in May this year that it had successfully secured a project with a total area of ​​350 hectares in Phnom Penh, Cambodia. This time, the signing of a memorandum of cooperation with the Hanoi Municipal Government of Vietnam to develop the Hanoi market has fully demonstrated the Group's confidence in the future development of Vietnam. This will not only further broaden the Group's business footprint in overseas markets, but also play a positive role in deepening the strategic layout of the Group in Southeast Asia, and will help the Group to continue to develop quality projects in the countries and regions along the “Belt and Road”, greatly Enhance the influence of the “Jiayuan” brand in the international market.