Deputy Minister of Industry and Trade Nguyen Thanh Bien is joining more
than 400 delegates from China and a number of ASEAN countries to discuss
issues within the expanded Bac Bo (Tonkin) Gulf economic cooperation
framework in Nanning in China’s Guangxi province.
Addressing the opening of the seventh Pan-Beibu Gulf Economic
Cooperation, Deputy Minister Bien affirmed Vietnam wants to further
close cooperation with China and other ASEAN member countries on the
principle of equality, mutual interest, respecting international law,
territorial integrity and sovereign independence of participating
countries.
Bien said together with more practical
cooperation contents, the completion of existing diversified cooperation
mechanisms in the region, inter-region and sub-region, including the
expanded Tonkin Gulf economic cooperation framework, will enhance
infrastructural connectivity and facilitating the tapping of supplements
among regional economies.
The annual forum, themed
“Economic Cooperation and Common Prosperity of Pan-Beibu Gulf”, focuses
on urban development, electronic information industry development and
China-Malaysia industrial cooperation. They also discuss rebalancing the
global economy – expanded Tonkin Gulf regional cooperation and
development.
The participants discussed the prospects of
the world’s economy and the role of East Asia in the world’s economic
recovery, impacts of regional free trade agreement (FTA), such as the
East Asia Free Trade Area ( EAFTA ), the Comprehensive Economic
Partnership for East ASIA ( CEPEA ), FTAs between China , the
Republic of Korea and Japan , and the Trans-Pacific Partnership
(TPP).
They also underlined the role of financial
assistance mechanisms for the economic connectivity and cooperation
frameworks among countries.
Regarding urban
development, the delegates touched upon the possibilities to beef up
cooperation and linkage among cities along the Nanning-Singapore
economic corridor in infrastructure development and modern industry.
On opportunities to bolster economic cooperation within the expanded
Tonkin Gulf framework, they proposed a mechanism to link
enterprises, as well as between enterprises and government in electronic
information industry.
The delegates also showed their
keen interest in economic cooperation under industrial zones between
China and each ASEAN member countries like the China-Malaysia
industrial zone.-VNA