Beijing (VNA) – The China-Vietnam investment promotion forum took place in Beijing, China, on September18.
The event was jointly hosted bythe China-ASEAN Business Council (CABC), a delegation from Vietnam’snorthern mountainous province of Tuyen Quang, and the Vietnamese Embassy inChina.
Addressing the forum, CABC President XuNingning affirmed that China is currently the biggest trade partner of Vietnam,which is the biggest trade partner of China in ASEAN.
In the first eight months of this year, Chinawas the fourth biggest investor in Vietnam, with 176 projects worth 1.27billion USD, tripling the amount of the first half of 2016.
He attributed the investment increase toenhanced political relations, incentives and potential of the two economies,noting Vietnam offers cheap labour force, investment incentives and favourabletraffic network.
Commercial Counsellor of Vietnam in ChinaBui Huy Hoang echoed the CABC President’s view on the growing trade andinvestment cooperation between Vietnam and China in recent years.
He said two-way trade reached 71.9 billionUSD in the first eight months this year, up 20.1 percent year on year, of whichVietnam shipped 27.6 billion USD worth of goods to China, a rise of 16.8percent.
The target of reaching 100 billion USD inbilateral trade this year is completely feasible, Hoang said, expressing hishope that the forum will help Chinese economic and financial institutions, associationsand enterprises understanding more about Vietnam and its investment climate,thus increasing collaboration with Vietnamese partners.
Chairman of the Tuyen Quang People’sCouncil Nguyen Van Son briefed participants about the province’s socio-economicsituation, saying that the province is home to numerous Chinese investmentprojects and those using Chinese technology.
Underlining cooperation potential between hisprovince and Chinese investors, he pledged that Tuyen Quang will create allfavourable conditions for foreign investors, particularly those from China, toimplement their projects in the locality.-VNA
A delegation from the China Business Association - Ho Chi Minh Branch (CBAH) led by President Miao Ren Lai visited southern Binh Duong province on March 27 to evaluate the local investment climate.
The Vietnam visit by Chinese Politburo Standing Committee member and Vice Premier Zhang Gaoli is beneficial to bilateral ties across various domains, said Chinese Deputy Minister of Commerce Zhong Shan.
The China Business Association in Ho Chi Minh City has expressed its interest in being a bridge for home firms to import farm produce in bulk from the Mekong Delta city of Can Tho, its President Miao Ren Lai told Can Tho authorities in a working session on June 17.
Vietnam and China discussed and agreed on the focal points of their cooperation to promote the bilateral comprehensive strategic cooperative partnership at the 10th meeting of the countries’ Steering Committee for Bilateral Cooperation in Beijing on April 17.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
At the forum (Source: VNA)
