Prime Minister Nguyen Xuan Phuc (front, centre) and leaders of some Chinese businesses at their meeting on June 12 (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on June 12 forleaders of Chinese businesses which are investing in the fields of garment andtextile, high-quality fibre, engine components and automobile tyres in Vietnam.
PM Phuc said amid the impacts of the COVID-19pandemic on many firms, including foreign-invested companies, the Prime Minister,and leaders of ministries and localities have often met with enterprises andbusiness associations to remove their difficulties.
Regarding Vietnam’s success in the fight againstthe pandemic, he said the country has taken timely and drastic reactions to putthe disease under control, thus bringing the life, production and businessactivities back to normal.
PM Phuc said he had early held phone talks withhis Chinese counterpart Li Keqiang to discuss ways to step up cooperation andshare experiences in combating COVID-19, adding that Vietnam had also donated medicalsupplies to China.
At the meeting, representatives of Chinese firmsexpressed their belief in the determination of the Vietnamese government andlocal administrations in implementing the dual goal of boosting socio-economicdevelopment and containing the pandemic as well as opportunities offered by theEU-Vietnam Free Trade Agreement (EVFTA), the EU-Vietnam Investment ProtectionAgreement (EVIPA) and the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP).
Welcoming the businesses’ intention to expand investment, PMPhuc said China is currently Vietnam's largest importer and secondbiggest exporter. In return, Vietnam is the top ASEAN tradepartner of China, with bilateral trade reaching 120 billion USD last year.
China has invested in nearly 3,000 projects worth nearly 21billion USD in Vietnam so far, and this amount of capital is equivalent to 5.5percent of the total foreign investment registered in the country. As a result, China nowranks seventh among 136 countries and territories investing in Vietnam.
A number of Chinese enterprises are operating profitably in varioussectors in Vietnam, the PM said, noting that the two countries have also beencooperating well in tourism.
As both countries have managed to bring the COVID-19pandemic under control, Vietnam is considering the reopening of some commercialair routes with China, firstly Guangzhou, to promote trade and travel, he said.
Listening to the firms’ opinions, PM Phuc said theVietnamese Government will continue facilitating the entry to and exit from thecountry for foreign experts, business managers, investors and skilled workers,including those from China.
At the meeting, the PM also highly valued majorChinese investors’ capability, serious attitude and investment effectiveness,including in expanding production and business activities, complying withenvironmental protection regulations, caring for their employees, and boostingexports, which have generated benefits for themselves and Vietnam.
He particularly applauded many businesses’ decision not tolay off workers despite difficulties caused by the COVID-19 pandemic, notingthat their examples should be popularised for other firms to follow.
The Vietnamese Government will order ministries and sectorsto deal with problems facing Chinese enterprises, including resuming flightsand facilitating logistics services, the PM said, adding that it will ensure macro-economicstability and create more optimal conditions for businesses./.
China has invested in nearly 3,000 projects worth nearly 21billion USD in Vietnam so far, and this amount of capital is equivalent to 5.5percent of the total foreign investment registered in the country. As a result, China nowranks seventh among 136 countries and territories investing in Vietnam.
A number of Chinese enterprises are operating profitably in varioussectors in Vietnam, the PM said, noting that the two countries have also beencooperating well in tourism.
As both countries have managed to bring the COVID-19pandemic under control, Vietnam is considering the reopening of some commercialair routes with China, firstly Guangzhou, to promote trade and travel, he said.
Listening to the firms’ opinions, PM Phuc said theVietnamese Government will continue facilitating the entry to and exit from thecountry for foreign experts, business managers, investors and skilled workers,including those from China.
At the meeting, the PM also highly valued majorChinese investors’ capability, serious attitude and investment effectiveness,including in expanding production and business activities, complying withenvironmental protection regulations, caring for their employees, and boostingexports, which have generated benefits for themselves and Vietnam.
He particularly applauded many businesses’ decision not tolay off workers despite difficulties caused by the COVID-19 pandemic, notingthat their examples should be popularised for other firms to follow.
The Vietnamese Government will order ministries and sectorsto deal with problems facing Chinese enterprises, including resuming flightsand facilitating logistics services, the PM said, adding that it will ensure macro-economicstability and create more optimal conditions for businesses./.
VNA
