Party chief highlights firms’ role in Vietnam-China relations

Beijing (VNA) – Party General Secretary Nguyen Phu Trong has affirmed that Vietnam attaches importance to its economic, trade and investment ties with China, and creates favourable conditions for businesses of both countries to enhance their cooperation for the development of each nation as well as the bilateral relationship.

During a meeting with representatives of Chinese businesses in Hangzhou city of Zhejiang province on January 15, the Vietnamese Party chief said he was delighted to visit Zhejiang, one of the most outstanding Chinese localities in terms of start-up movements, dynamism and innovation.

He noted Vietnam and China are the largest trade partners of each other, adding that as an emerging market with a population of 92 million and an annual average growth rate of 6-7 percent, Vietnam is considered one of the most potential and attractive markets in terms of foreign investment attraction.

General Secretary Trong welcomed Chinese enterprises investing in Vietnam with projects using advanced and environmentally-friendly technologies, with a priority given to projects in the fields of agriculture, high technology, supporting industry, clean and renewable energy, technological transfer and high-quality human resource development.

The Vietnamese leader hoped that the two countries’ businesses would further contribute to the development of increasingly balanced and healthy bilateral trade as well as promoting tourism to enhance mutual understanding and friendship between the Vietnamese and Chinese people.

He expected that Chinese firms would improve the efficiency of cooperation with Vietnamese partners for mutual benefits in the foreseeable future.

Vice Governor of Zhejiang province Liang Liming, expressed her hope that the meeting will help increase partnerships among Chinese and Vietnamese enterprises and localities in different fields such as high technology, logistics, agricultural production, processing and export while enhancing the friendship and exchanges between the two nations’ peoples, especially young generations.

She told her guests that Zhejiang has long partnered with Vietnam’s central province of Thua Thien-Hue and other localities. As many as 26 Vietnamese companies have so far invested in Zhejiang while Zhejiang firms have poured more than 1.6 billion USD in more than 180 projects in Vietnam.

Liang believed that with the guidance of the two governments and market economy regulations, cooperative ties between Chinese and Vietnamese businesses and localities will be more bustling and effective.

On this occasion, Vietnam’s Thu Ha company and China’s Huaxia Xingfu signed a contract to develop an ecological urban area in Hoa Lac of Hanoi.

In the morning of the same day, the Party leader met staff of the Vietnamese Consulate General in Shanghai and visited Wan Shi Li Corporation in Zhejiang./.