By Wu Xiaoyun

On 3rd April, ‘Nantong Enterprises Enter Malaysia and Vietnam Exchange Conference’ guided by Nantong Bureau of Commerce and hosted by Nantong International Economic and Technological Cooperation Association was held. People in charge of enterprises including Jiangsu Tongzhou No.4 Construction Group Co., Ltd., Nantong Construction Group Co., Ltd., Jiangsu Suzhong Construction Group Co., Ltd., Qidong Development Foreign Economic Co., Ltd., Xinfu Food, Yonder Electric Power, Dieshiqiao Home Textile, and DHP Express International Co., Ltd. and people in charge of famous investment, financial, and consulting organizations in Malaysia and Vietnam discussed and communicated, sharing development opportunities and discovering cooperation paths.

ASEAN is an important market choice for Nantong enterprises to ‘go global’. Vietnam and Malaysia have become popular places of investment for Nantong enterprises. Up to now, Nantong enterprises have invested in total 35 projects in Vietnam, among which the Chinese side agreed investment amount is 462 million U.S. dollars, mainly in industries such as manufacturing, textile and clothing, and machinery equipment. They have invested 24 projects in Malaysia, and the Chinese side agreed investment amount is 355 million U.S. dollars, involving fields including civil engineering and construction, textile and clothing, communication devices, plastic products, electronic device manufacturing, and furniture manufacturing.