Sunwah Group intensifies investment endeavours

Vuong Dinh Hue, NA Chairman and Jonathan Choi, chairman of Sunwah Group

NA Chairman Hue spoke of his appreciation for the investment of Sunwah Group in Vietnam, which now stands at approximately $5 billion.

Hue also voiced his hope that Sunwah should fortify its ties with international experts and businesses, strengthen a trilateral cooperation model aimed at transferring high technology to Vietnam. He anticipated numerous new achievements in advancing multi-sectoral cooperation between Vietnam and China, with a particular focus on border provinces.

Choi provided insights into Sunwah Group's extensive investment and development history in Vietnam. Highlighting the familial ties that bind three generations of the Choi family to Vietnam, he underscored Sunwah Group's steadfast commitment over the past half-century to fostering cooperation between Vietnam and China across multiple sectors including trade, agriculture, finance, culture, education, and innovation.

Choi's role as chairman of VinaCapital Investment Fund, with diverse investments across Vietnam, was also emphasised. In the realm of real estate, Sunwah Group has achieved notable success with projects such as Sunwah Tower, Sunwah Pearl, and Saigon Pearl in Ho Chi Minh City, as well as Hoiana in Danang, Ho Tram in Vung Tau, and the iconic Sofitel Legend Metropole Hotel in Hanoi.

Furthermore, Sunwah Group's dedication to community service in Vietnam was underscored. The Ulis-Jonathan KS Choi Cultural Centre, situated within Hanoi National University for the past decade, serves as a hub for collaborative projects promoting education, culture, science, technology, and innovation exchanges between Vietnam, China, and other nations.

Additionally, Sunwah Group actively supports the development of youth through initiatives in startup and innovation, exemplified by the establishment and growth of Sunwah Innovation Centres in Hanoi, Ho Chi Minh City, and various other global locations.

"The cooperative ties between our two nations have resulted in a new and more inclusive phase, brimming with unprecedented opportunities, opening myriad avenues for collaboration and prospects for investors on both sides," said Choi.

Sunwah Group, in line with this vision, is intensifying its investment endeavours and concentrating on the development of industrial parks (IPs) in Vietnam. Presently, the group is prioritising exploration of investment prospects in the southern province of Dong Nai and surrounding areas of Hanoi. Additionally, at the border crossings of Yunnan and Vietnam, Sunwah Group is strategising the establishment of IPs to foster collaboration and interaction in industry, agriculture, culture, and tourism between the two nations.

Building upon the strategic cooperation agreements inked between Sunwah Group and Yunnan province, and Vietnam's Lao Cai province, Sunwah Group is poised to invest in the construction and operation of an IP in Lao Cai. Initially spanning approximately 100 hectares, this IP will undergo gradual expansion in accordance with evolving development dynamics.

"Through this venture, coupled with its extensive network of connections, Sunwah aims to actively contribute to bolstering the export of Vietnamese agricultural products to the Chinese market, leveraging both e-commerce channels and traditional avenues," Choi stated.

NA Chairman Hue underscored Yunnan's strategic significance as the gateway to Southeast Asia, emphasising the pivotal role of Sunwah Group's IP development along the Yunnan-Lao Cai border. This initiative propels Lao Cai's economic advancement and catalyses growth in Vietnam's northern provinces.

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