In the past ten years, the families behind the Xiangjiang Bank Consortium and the Hsinchu Commercial Bank Consortium have made a lot of money following Li Guangyu. Even the worst family has assets of more than 15 billion US dollars.
In the past few months, the special planes purchased by each family have come back one after another. The special planes of the four major Baodao families are at Taipei Airport and Tainan Airport respectively. The special planes of the Ku family, Yan family, and Lin family are at Taipei Airport, and the special plane of the Gao family is at Tainan.
Airport.
This time Li Guangyu and the others will have five special planes coming over, two from Li Guangyu, one from Li Guobao, mainly from the banking and finance families, one from Zheng Yutong, mainly from the older generation of real estate families, and one from Baodao.
It will be Lin Tingsheng's special plane. This plane will fly directly to Bucharest. There is no need to come to Xiangjiang to join Li Guangyu and others.
On the eve of his departure, Li Guangyu received an unexpected visitor. Li Guangyu felt very surprised by this arrival.
The reason why Li Guangyu was surprised was that the Li Group had never had contact with the other party in the past ten years, even if the other party was a Southeast Asian country.
Vietnamese Minister of Commerce Ruan Shengze arrived in Xiangjiang in a private capacity and contacted the assistant office, hoping to meet with Li Guangyu.
Regardless of his inner feelings, Li Guangyu is a businessman, and Vietnam is also a relatively good market. In addition, the relationship between Vietnam and the mainland has also improved, so Li Guangyu still met with Ruan Shengze in the reception room of Jiuhua Hotel.
Vietnam has been implementing reform and opening up since 1986, and has learned some practices from the mainland. However, in recent years, Vietnam's policies have not been very clear, and some issues have not been handled well. Although reform and opening up has been carried out for several years, it has not been done until now.
It’s not ideal, as there aren’t many foreign investors investing there.
As a country, Vietnam is certainly aware of the powerful capital forces in Asia. Capital from Japan, South Korea and even Baodao are subject to some restrictions by local governments. Only Xiangjiang Capital is different, especially the Li Group.
Ruan Shengze came to visit Li Guangyu this time, hoping to introduce Heung Kong Capital to invest in Vietnam. He knew that Li Guangyu was the benchmark for Heung Kong Capital. As long as Li Guangyu passed by, both Heung Kong Capital and Baodao Capital would pass.
Moreover, the industries under the Li Group are quite complete. There are always projects in Vietnam that are suitable for the development of the Li Group and can be cooperated with the Li Group. This is much more convenient than looking for individual companies.
At present, Vietnam's main exports are crude oil, rubber, coal, and textiles, and these four items are all linked to the Lee Consortium.
In terms of imports, machinery and equipment, automobiles, motorcycles, refined oil, steel, etc. are also owned by the Lee Consortium, which can completely attract investment from industries under the Lee Consortium, which can not only solve the problem of product imports, but also provide jobs for itself domestically.
At the same time, this is also a bargaining chip for their cooperation with the Li Group.
They exchanged Vietnam's market for the Lee Group's investment in their country and promoted their domestic economic development. Now they have no choice but to do this without technology.
Moreover, before Ruan Shengze came to Xiangjiang, he had a detailed understanding of the investment of the Li Group. Some industries are completely capable of joint ventures. For example, in the automobile industry, he can establish a joint venture with the Bentley Group to establish a domestic automobile company. This will also allow him to
Learn the technology at home and develop your own brand when the time comes.
The same goes for steel companies and petrochemical companies. If they can do a joint venture, they can do it. If they can't, they can also ask Li Guangyu to invest in their domestic production bases. The mainland can allow Li's consortium to establish wholly-owned production companies, and allow Li's consortium's related products to enter the market.
They can do the same in Vietnam.
After hearing Ruan Shengze's intention, Li Guangyu thought about it seriously. The Vietnamese market is still relatively large, with a current population of more than 68 million. If this market is well managed, it will greatly help the development of the Li Group.
However, there are many problems now. It is not that capital from all parties cannot see the huge market in Vietnam. Why not much capital has entered it now? The main reason is that many legal provisions are not clear and some commercial terms are not perfect. The most important thing is the foreign exchange issue. This
In fact, this problem is not just a problem in Vietnam, many countries that have just opened up to the outside world will encounter this problem.
It has been 12 years since the Li Group invested in the Mainland in 1979. Li Guangyu has never transferred a penny of foreign exchange out of the Mainland. The main reason is that the Mainland is not rich in foreign exchange. Li Guangyu’s enterprises in the Mainland are now very profitable.
Yes, if everything is really converted into foreign exchange, it will put great pressure on the mainland.
Vietnam's current foreign exchange can be said to be very low. Although Vietnam has not disclosed it to the outside world, some forces estimate that it will not exceed one billion US dollars.
As of the end of March this year, the Hong Kong Monetary Authority’s foreign exchange reserves reached US$38.5 billion.
Li Guangyu himself holds US$70 billion in cash reserves, and Vietnam's foreign exchange is really insignificant.
Li Guangyu responded with a smile: "Minister Ruan, I am personally very optimistic about Vietnam's economic development. I believe that Vietnam can develop better and better under your leadership. I also look forward to reaching all aspects of cooperation with you."
In two days, I will arrange for Xiangjiang Petrochemical Group, Xiangjiang Electric Lighting Group, and Bentley Group to discuss raw material procurement with you. As for investment, I still hope that there will be clearer laws so that we investors can feel more at ease."
Ruan Shengze was not too disappointed when he heard Li Guangyu's response. He has already made good gains. Xiangjiang Petrochemical Group currently has a relatively large demand for crude oil. At the same time, Bentley Group and Yulon Group also have a large demand for rubber. Xiangjiang Electric Lamp also needs coal to generate electricity.
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At least their export orders have increased again, and he can continue to talk about investment. He believes that the policies proposed by his government can attract investment from the Li Group.
He responded loudly: "We very much welcome senior executives of several major groups to come to our country to discuss cooperation matters. In addition, our foreign investment law has been completed and is expected to be promulgated by the end of this month. We have detailed policies in this regard to protect the legitimate interests of foreign investors.
I believe that the introduction of this investment law will bring us a win-win situation.”
Li Guangyu is naturally happy to see the results. Vietnam is a market with a population of nearly 70 million. How could Li Guangyu ignore it? If the investment law promulgated in Vietnam can indeed protect the interests of foreign investors, Li Guangyu will not mind investing in Vietnam and letting Li's industry occupy the market.
Vietnamese market.
"Minister Ruan, I am very willing to see the promulgation of your foreign investment law. You see, I will go to Romania tomorrow morning. After your investment law is promulgated, we will communicate about future cooperation matters."
Ruan Shengze knew that Li Guangyu was still worried about their policies in Vietnam, so he had to wait until the law was promulgated before discussing investment.
He did not expect that Romania, a country that had only separated from China for two years, would have such radical reforms. Li Guangyu personally visited Romania. This was definitely not a small investment.
However, he does not envy Romania. That country has now become a multi-party government, and no one can tell whether the future will be good or bad.
In Vietnam, I will take my time step by step. It may be a little slower, but I will go very steadily.
Since Li Guangyu has to wait until his domestic foreign investment law is promulgated before talking about it, he will not be able to continue talking about this matter.