Businesses in Lao Cai, China’s Yunnan step up cooperation
Business associations of the northern border province of Lao Cai and Chinese province Yunnan signed a framework agreement for the development of their friendly relations at a virtual conference on May 28.
Lao Cai (VNA) – Business associations of the northernborder province of Lao Cai and Chinese province Yunnan signed a frameworkagreement for the development of their friendly relations at a virtualconference on May 28.
Accordingly, they sealed six deals, focusing on the establishment of an information exchange mechanism and the organisation ofexchanges within five years (May 2020 – May 2025) in a friendly and equalmanner.
The two associations also agreed to assign their respectiveunits to be in charge of contacting and supporting enterprises from the sides inimplementing investment cooperation.
At the event, Director of the Lao Cai Department of Industryand Trade Hoang Chi Hien said in the first five months of 2021, trade betweenthe two localities remained stable and even grew significantly from the same time last yeardespite COVID-19.
He attributed the outcome to efforts made by their businesscommunities, authorities, and competent agencies.
Wang Xiaohua, Deputy Director of the Yunnan Trade Department, stressedLao Cai and Yunnan have set up a diverse and multifaceted collaborationmechanism over the years to lift their ties to new heights.
The official called for investment and expansion of thesides’ logistics infrastructure to create a more favourable environment for theireconomic and commercial engagements./.
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At the virtual conference (Photo: VNA) 
