Overview of the conference (Photo: VNA) HCM City (VNA) – Ho Chi Minh City and China’s Shandong province aim tofacilitate bilateral trade by holding more networking events, encouraginginvestments between both sides, and signing a Memorandum of Understanding(MoU), promising more support in the future.
During a conference held in HCMCity on May 23, numerous businesses in different fields from Shandong and Vietnammet to find potential partners.
Vo Tan Thanh, Director of the VietnamChamber of Commerce and Industry (VCCI)’s HCM City branch, said that Vietnamand China have had a close business partnership for 68 years.
According to VCCI, in 2017,bilateral trade between the two countries was over 93.6 billion USD (30 percenthigher than 2016), accounting for 22 percent of Vietnam’s total bilateraltrade.
Vietnam exported over 35.4billion USD worth of goods to China (61.6 percent higher than 2016), focusing onproducts such as seafood, rice, rubber, garments and mobile phones.
As of March 2018, China rankedseventh among countries investing in Vietnam, with nearly 1,900 projects valuedover 12.4 billion USD.
In addition, according to WeiXichen, Chinese Consul General in HCM City, many Chinese companies areinterested in working with Vietnamese companies in fields such as rubber,fishery processing and tailoring.
Compared to other markets, Chinais very open to Vietnamese goods without having many requirements, as long asthe goods are of high quality, he said.
China is especially fond of Vietnam’sbasa fish, cashew, coffee beans, peppers and dragon fruits.
Shandong is one of China’s mostpopulated and economically developed regions, with a 2017 GDP of over 1trillion USD, ranked third in China, according to Liu Xiaojiang, Vice Chairmanof the China Council for the Promotion of International Trade (CCPIT) –Shandong Sub-council.
The province also excels infields such as agriculture, mechanics, construction and food processing.
“The province considers Vietnamto be one of the most important business partners in ASEAN. In 2017, bilateraltrade between Shandong and Vietnam was around 5.5 billion USD,” Liu said.
Vietnamese firms have beenencouraged to visit Shandong to find more opportunities to work with localbusinesses.
The International ImportsExhibition in Shanghai, to be held in November, has invited Vietnam to attend.
The VCCI and CCPIT also signed aMoU to foster trade, promising to increase collaboration efforts and networkingopportunities for firms so they can find reliable long-term partners.
According to VCCI, Vietnam andChina aim to reach a two-way trade of over 100 billion USD in 2018.-VNA
During a conference held in HCMCity on May 23, numerous businesses in different fields from Shandong and Vietnammet to find potential partners.
Vo Tan Thanh, Director of the VietnamChamber of Commerce and Industry (VCCI)’s HCM City branch, said that Vietnamand China have had a close business partnership for 68 years.
According to VCCI, in 2017,bilateral trade between the two countries was over 93.6 billion USD (30 percenthigher than 2016), accounting for 22 percent of Vietnam’s total bilateraltrade.
Vietnam exported over 35.4billion USD worth of goods to China (61.6 percent higher than 2016), focusing onproducts such as seafood, rice, rubber, garments and mobile phones.
As of March 2018, China rankedseventh among countries investing in Vietnam, with nearly 1,900 projects valuedover 12.4 billion USD.
In addition, according to WeiXichen, Chinese Consul General in HCM City, many Chinese companies areinterested in working with Vietnamese companies in fields such as rubber,fishery processing and tailoring.
Compared to other markets, Chinais very open to Vietnamese goods without having many requirements, as long asthe goods are of high quality, he said.
China is especially fond of Vietnam’sbasa fish, cashew, coffee beans, peppers and dragon fruits.
Shandong is one of China’s mostpopulated and economically developed regions, with a 2017 GDP of over 1trillion USD, ranked third in China, according to Liu Xiaojiang, Vice Chairmanof the China Council for the Promotion of International Trade (CCPIT) –Shandong Sub-council.
The province also excels infields such as agriculture, mechanics, construction and food processing.
“The province considers Vietnamto be one of the most important business partners in ASEAN. In 2017, bilateraltrade between Shandong and Vietnam was around 5.5 billion USD,” Liu said.
Vietnamese firms have beenencouraged to visit Shandong to find more opportunities to work with localbusinesses.
The International ImportsExhibition in Shanghai, to be held in November, has invited Vietnam to attend.
The VCCI and CCPIT also signed aMoU to foster trade, promising to increase collaboration efforts and networkingopportunities for firms so they can find reliable long-term partners.
According to VCCI, Vietnam andChina aim to reach a two-way trade of over 100 billion USD in 2018.-VNA
VNA
