China Gezhouba Group Corporation (CGGC), founded in 1970, is a core member of China Energy Engineering Group Co., Ltd., a super central state-owned enterprise. CGGC’s businesses cover the design, construction, investment and operation in water conservancy, hydropower, nuclear power, highways, railways, bridges, civil buildings, etc. CGGC is one of the most competitive listed companies with very strong financing capabilities in China, Chen said.
Chen expressed that "Vietnam is a developing country with stable economic growth, which reinforces the belief of foreign investors; therefore, CGGC expects to invest in or become a contractor of highways, urban railways and subways projects in Vietnam.”
The Deputy Minister said that Vietnam is focusing on infrastructure development which is considered one out of three strategic breakthroughs; the financial resource, however, is limited.
“Vietnamese Government always welcomes and calls on both qualified domestic and foreign enterprises and investors, including CGGC to invest in Vietnam's traffic infrastructure projects in the form of PPPs or serve as contractors,” Dong added.
Dong said that there are several Chinese companies which have won bids such as China Railway Sixth Group Co., Ltd, contractor of Cat Linh – Ha Dong urban railway Project, Guangxi Road & Bridge Construction Co., Ltd, contractor of Package No. A7 under the Noi Bai – Lao Cai expressway project, etc..
Regarding the specific projects in which CGGC is interested, the Deputy Minister suggested that CGGC should work directly with the relevant agencies under the Ministry of Transport for further information.
