A workshop focusing on strengthening business cooperation and boosting exports to the Chinese market was held in Ho Chi Minh City on June 26.

Addressing the workshop, Deputy Director of the Ho Chi Minh City branch of the Vietnam Chamber of Commerce and Industry (VCCI) Nguyen The Hung said two-way trade between Vietnam and China has seen notable growth but still failed to match the potential.

According to Hung, Vietnamese enterprises should actively update market information in order to boost exports to China, heading to a trade balance between the two countries.

The VCCI will speed up several activities in the coming time to help Vietnamese businesses penetrate effectively into the Chinese market, he added.

According to an official from the Chinese Consulate General in Ho Chi Minh City, China is willing to create favourable conditions for Vietnamese enterprises to access its market and increase investment and business activities in China.

In the next five years, Chinese direct investment overseas will exceed 500 billion USD, creating great opportunities to businesses in the Asia-Pacific region, including Vietnam, he said.

In the first five months of 2015, Vietnam exported goods worth 6.1 billion USD and imported 15.9 billion USD of commodities from China, resulting in a trade deficit of 9.8 billion USD.

Vietnam mainly exported crude oil, coal, computers, telephones, vegetables, and aquatic products while importing machines, equipments, steels, and fertilizer.-VNA