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Conference seeks to fuel economic ties with China’s Sichuan province

A trade, investment, and economic cooperation promotion conference between Vietnam and China was held in Hanoi on April 3 on the occasion of a working visit to Vietnam by officials of the international trade promotion council of China’s Sichuan province.
Conference seeks to fuel economic ties with China’s Sichuan province ảnh 1Representatives of Vietnamese and Chinese businesses discuss on the sidelines of the conference. (Photo: VNA)
Hanoi (VNA) – A trade, investment,and economic cooperation promotion conference between Vietnam and China washeld in Hanoi on April 3 on the occasion of a working visit to Vietnam byofficials of the international trade promotion council of China’s Sichuanprovince.

Le Hoang Tai, Deputy Director of theForeign Trade Agency under the Vietnamese Ministry of Industry and Trade (MoIT),said China has officially opened its market to many strong agricultural and fisheryproducts of Vietnam and especially, it has lifted COVID-19 restrictions sinceJanuary 8, 2023.

He considered the conference achance to grasp opportunities to boost export to China.

Huang Li, President of the Sichuancouncil for international trade promotion, said the event was an occasion tocreate new opportunities and optimal conditions for businesses of Vietnam and China,including Sichuan, to further increase partnerships in trade and investment,thus helping develop bilateral economic and trade ties in a stable, balanced,and sustainable manner.

At the event, participants introducedopportunities and potential for trade and investment ties between the two sides.They also witnessed the signing of three memoranda of understanding betweenVietnamese and Sichuan businesses.

According to the MoIT, Vietnam is the biggest ASEAN trading partner of Sichuan.With a large population and strengths in tourism, heavy industry, manufacturing,mining, and transport infrastructure, the Chinese province has been and willremain a potential partner of many Vietnamese localities in many areas.

Sichuan’s foreign trade reached 151.1 billion USD in 2022, up 2.7% year onyear. That included about 11.3 billion USD in trade with Vietnam, accountingfor 7.4%. Besides, the Chinese province holds an important position in inter-regionaldevelopment strategies of China, giving it an important role in connectingChina with neighbouring Southeast Asian countries, including Vietnam, heard theconference./.
VNA
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