Businesses of Vietnam and China talk at the Vietnam-China Trade Forum in HCM City (Photo: VNA) HCM City (VNA) – Chinese enterprises are eyeing to expand theirbusiness and investment in the Association of Southeast Asian Nations (ASEAN),in which Vietnam is considered one of the most attractive destinations.
The statement was made by Guo Chuan Wei, Director in chargeof trade and investment at the ASEAN-China Centre (ACC) at the Vietnam-ChinaTrade Forum held by the Vietnam Chamber of Commerce and Industry – Ho Chi MinhCity chapter, the ACC, and the Department of Commerce of China’s Jilin provinceon August 2.
Guo said that China is an economy with strong productioncapacity, and its enterprises are constantly expanding their presence abroad.Meanwhile, Vietnam has an impressive economic growth in Southeast Asia. Inaddition, the two countries hold a lot of advantages complementary to eachother and have geological positions favourable to trade exchange.
They are the reasons why Chinese firms want to expandcooperation with Vietnam, he added.
Secretary of Jilin’s provincial Party Committee Bayanqolu told participants that Chinese firms in general and those in Jilin inparticular have been expanding trade and investment activities in Vietnam, withattention paid to potential areas of automobile manufacturing and assembly, andfarm produce import and export.
He said Jilin will encourage its big companies to dobusiness in Vietnam while inviting Vietnamese firms to invest in the province.
VCCI Deputy Chairman Vo Tan Thanh highlighted the fact that Chinais currently one of the largest and potential markets of Vietnam.
Last year, two-way trade exceeded 93.6 billion USD,accounting for 22 percent of Vietnam’s total foreign trade. The bilateral tradevalue reached 38.7 billion USD in the first five months of 2018 and is likelyto surpass 100 billion USD for the first time this year.
As of April, China ranked seventh out of 126 nations andterritories investing in Vietnam with nearly 1,900 projects worth over 12.5billion USD.
Seen from the local aspect, Nguyen Huynh Trang, deputydirector of Ho Chi Minh City’s Department of Industry and Trade, said that asof July, China ranked 19th among 98 nations and territories pouringcapital into the city with 126 projects and total investment capital of nearly158 million USD. The city’s exports to and imports from China both recorded ayear-on-year rise of 15 percent in the first half of this year.
According to Trang, there remains a lot of potential forcooperation between the city and Chinese localities, including Jilin.
Intensifying exchanges between businesses, and trade andinvestment promotion will create good opportunities for the two sides’enterprises to establish long-term and effective cooperation, she added.-VNA
The statement was made by Guo Chuan Wei, Director in chargeof trade and investment at the ASEAN-China Centre (ACC) at the Vietnam-ChinaTrade Forum held by the Vietnam Chamber of Commerce and Industry – Ho Chi MinhCity chapter, the ACC, and the Department of Commerce of China’s Jilin provinceon August 2.
Guo said that China is an economy with strong productioncapacity, and its enterprises are constantly expanding their presence abroad.Meanwhile, Vietnam has an impressive economic growth in Southeast Asia. Inaddition, the two countries hold a lot of advantages complementary to eachother and have geological positions favourable to trade exchange.
They are the reasons why Chinese firms want to expandcooperation with Vietnam, he added.
Secretary of Jilin’s provincial Party Committee Bayanqolu told participants that Chinese firms in general and those in Jilin inparticular have been expanding trade and investment activities in Vietnam, withattention paid to potential areas of automobile manufacturing and assembly, andfarm produce import and export.
He said Jilin will encourage its big companies to dobusiness in Vietnam while inviting Vietnamese firms to invest in the province.
VCCI Deputy Chairman Vo Tan Thanh highlighted the fact that Chinais currently one of the largest and potential markets of Vietnam.
Last year, two-way trade exceeded 93.6 billion USD,accounting for 22 percent of Vietnam’s total foreign trade. The bilateral tradevalue reached 38.7 billion USD in the first five months of 2018 and is likelyto surpass 100 billion USD for the first time this year.
As of April, China ranked seventh out of 126 nations andterritories investing in Vietnam with nearly 1,900 projects worth over 12.5billion USD.
Seen from the local aspect, Nguyen Huynh Trang, deputydirector of Ho Chi Minh City’s Department of Industry and Trade, said that asof July, China ranked 19th among 98 nations and territories pouringcapital into the city with 126 projects and total investment capital of nearly158 million USD. The city’s exports to and imports from China both recorded ayear-on-year rise of 15 percent in the first half of this year.
According to Trang, there remains a lot of potential forcooperation between the city and Chinese localities, including Jilin.
Intensifying exchanges between businesses, and trade andinvestment promotion will create good opportunities for the two sides’enterprises to establish long-term and effective cooperation, she added.-VNA
VNA
