Artificial intelligence and the digital economy have become key buzzwords at the China (Shandong)-ASEAN Investment Promotion and Huangmei Dialogue Economic and Trade Exchange Conference, which was held on November 13 in Dezhou, Shandong Province, according to a report from the China News Service.
Diplomatic envoys from ASEAN countries stationed in China, along with representatives from cities and enterprises in the Yellow River Basin, gathered to discuss cooperation in fields such as artificial intelligence, the digital economy, and smart manufacturing.
During his remarks, Huang Wenjun, Minister-Counselor at the Vietnamese Embassy in China, stated that in this new phase of development, Vietnam advocates shifting the focus of investment attraction from quantity to quality, prioritizing projects that are technologically advanced, high in added value, environmentally friendly, and capable of creating linkages with domestic enterprises.
Huang Wenjun suggested that enterprises from Shandong and Vietnam prioritize investment cooperation in emerging technology sectors, building research and development as well as talent cultivation centers in areas such as artificial intelligence, automation, green technology, and smart manufacturing. He also urged both sides to seize the opportunities presented by the China-ASEAN Free Trade Area 3.0 upgrade protocol and strengthen collaboration in the digital economy, e-commerce, and supply chains.
"Currently, Thailand is committed to promoting the transformation and upgrading of its traditional competitive industries and cultivating and developing sectors such as the digital industry, electric vehicles, and robotics," said Liu Yongyi, Deputy Consul General of the Royal Thai Consulate-General in Qingdao. Thailand has introduced a series of investment promotion policies, including corporate income tax exemptions and reductions in import tariffs, to facilitate foreign investors doing business in the country.
Liu Yongyi noted that Dezhou has professional advantages in food processing, chemicals, and semiconductor materials manufacturing, adding that "Thailand and Dezhou have strong potential for further cooperation in trade and investment, research and development, and talent cultivation."
"Laos encourages foreign direct investment by offering preferential policies such as tax reductions, land facilitation, and one-stop approval services in special economic zones and industrial parks to lower the cost of business establishment," said Phouva, Counselor and Deputy Chief of Mission at the Lao Embassy in China, when introducing Laos's unique investment advantages. He noted that Laos is rich in natural resources and is well-suited for developing modern ecological agriculture, green energy, and cultural tourism and wellness industries.
Chen Haiming, Deputy Mayor of Dezhou, stated during his promotional remarks that Dezhou has a solid foundation in areas such as next-generation information technology, high-end chemicals, high-end equipment, and new materials, with the next-generation information technology sector having already formed a complete industrial chain. "Dezhou will continue to deepen economic and trade cooperation with ASEAN and optimize service guarantees," he said.
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