Business

Seminar promotes Vietnam-China trade

A seminar promoting trade between Vietnam and the Chinese province of Shandong took place in Hanoi on June 30.
Seminar promotes Vietnam-China trade ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – A seminar promoting trade betweenVietnam and the Chinese province of Shandong took place in Hanoi on June 30.

The participating Chinese delegation includes 10 Shandong-basedfirms specialised in software and cloud computing, construction materials, exports-imports,steel pipes, valve, electrical equipment, farm produce, solar power, crane,mechanical engineering, automobile and motorbike spare parts.

Speaking at the event, Vice President of the Vietnam Chamberof Commerce and Industry (VCCI) Doan Duy Khuong said since 2004, China hasbecome Vietnam’s largest trade partner. It is also the largest importer ofcomputers and spare parts, natural rubber, coal and rice from the SoutheastAsian nation.

Deputy head of the Ministry of Planning and Investment’sForeign Investment Agency Dang Xuan Quang proposed encouraging Chineseinvestors, especially those in Shandong, to pour more into support industry,electricity and electronics, and consumer goods using modern and eco-friendlytechnology in Vietnam.

Vietnam eyes attracting private investment in key projectsin road and railway transport, and urban infrastructure in the form ofpublic-private partnership, he said, adding that the country will continueissuing policies to develop renewable energy and stand ready to offer allpossible support to investors in the field.

Vice President of the Shandong provincial Committee of theChinese People’s Political Consultative Conference Zhai Lu Ning, expressed hopethat more win-win business opportunities will be open up following the event.

Statistics showed that two-way trade between Vietnam andChina hit 71.9 billion USD last year, up 8 percent annually. Of the figure,21.97 billion USD was Vietnam’s exports, marking a 28.4 percent rise. Tradedeficit reached 27.96 billion USD, down 13.67 percent.

As of May, the bilateral trade surged 23.6 percent to 32.7billion USD, 10.6 billion USD of which was Vietnam’s exports, up 41.9 percent,while imports went up 16.4 percent.

China was the eighth largest investor out of 119 countriesand territories investing in Vietnam with 1,683 projects worth 11.6 billionUSD, mostly in manufacturing industry, energy, real estate, garment,electronics, and services.-VNA
VNA
#seminar #trade #Vietnam Chamber of Commerce and Industry #trade partner #private investment #manufacturing industry #Shandong China Vietnam
Follow VietnamPlus

Related News

Workshop seeks to boost Vietnam-China trade

Workshop seeks to boost Vietnam-China trade

A workshop was held in the Chinese central province of Hunan on October 19 to promote cooperation between Vietnam and China in economics, trade, investment, and tourism.
Vietnam, China seek to boost win-win cooperation

Vietnam, China seek to boost win-win cooperation

The top Party leaders of Vietnam and China discussed major orientations to reinforce trust and friendship, step up win-win cooperation across the board, maintain peace and stability at sea, and continue the healthy and sustainable bilateral relationship during their talks in Beijing, China on January 12.
Border market set up to facilitate Vietnam-China trade

Border market set up to facilitate Vietnam-China trade

A working group of Guangxi’s border gate authorities have recently inspected Longbang market in Jingxi city, which was designed to facilitate cross-border trade with Vietnam through Hung Quoc border gate in Tra Linh district, Cao Bang province.
Seminar seeks ways to enhance Vietnam-China trade ties

Seminar seeks ways to enhance Vietnam-China trade ties

A seminar was held in Ho Chi Minh City on June 28 to seek ways to further boost trade between Vietnam and China, including between HCM City and Shandong province, which are said to have great potential for stronger cooperation.

See more

The Hai Phong City Convention and Performance Centre is one of the venues for ABAC III. (Photo: VNA)

Hai Phong expects strong wave of investment from APEC member economies

Hai Phong will present investment registration certificates for 32 projects and sign seven Memoranda of Understanding, with total committed capital exceeding 15.6 billion USD. These projects include investments from Europe and the US, reflecting the growing interest of global investors in the city's business environment and development potential.

The ongoing administrative reforms are expected to expand the real estate sector's appeal to investors. (Photo: VNA)

Institutional reforms open new investment frontier for realty sector

Assessing the impact of the new model, Director at Savills Vietnam’s Advisory Services Do Thi Thu Giang said that the deeper decentralisation of authority to local administrations will help reduce processing time for construction permits and project approvals, thereby reducing opportunity costs and increasing investment efficiency.

Minister Counsellor Pham Quang Huy, deputy head of Vietnam's Permanent Mission to Geneva and representatives of St. Gallen Endowment. (Photo: VNA)

Vietnam boosts cooperation with St. Gallen Endowment of Switzerland

Minister Counsellor Pham Quang Huy, deputy head of Vietnam's Permanent Mission to Geneva, has recently held a working session with representatives of the St. Gallen Endowment to boost cooperation between Vietnam and the Swiss fund, as part of his attendance at a seminar in Geneva on risk levels and countries’ trade responses to rising tariffs.

Czech Minister of Industry and Trade Lukas Vlcek speaks at the seminar (Photo: VNA)

Czech businesses ramp up pursuit of opportunities in Vietnam

The Vietnam – Czech Republic business networking seminar, held in Hanoi on July 11, opened up numerous prospects for cooperation between the two countries in key areas such as high technology, energy, mining, and the defence industry.

PVI Insurance shines bright with prestigious international awards

PVI Insurance shines bright with prestigious international awards

At the 2025 Insurance Asia Awards, held by Insurance Asia News in Hong Kong, PVI Insurance was the only company from Vietnam to win in all three main non-life insurance categories, Best General Insurer, Outstanding Claims Management and Best Digital Insurer of the Year.

On average, 1,065 cars were sold each day in June. (Photo: tinnhanhchungkhoan)

Car sales increase sharply in June

Passenger cars accounted for the largest number of sales with 22,934 vehicles, up 14.6% over the previous month. Meanwhile, sales of commercial vehicles reached 8,782, down 2%, while specialised vehicle sales reached 261, up 23% over the previous month.