Business

Vietnamese, Chinese senior officials talk economic issues

Minister of Planning and Investment Vu Huy Hoang and Chinese Minister of Commerce Gao Hucheng reached consensus on initiatives to boost bilateral economic, trade and industrial cooperation during their working session in Beijing on April 8.
Minister of Planning and Investment Vu Huy Hoang and Chinese Minister ofCommerce Gao Hucheng reached consensus on initiatives to boostbilateral economic, trade and industrial cooperation during theirworking session in Beijing on April 8.

They agreedto increase trade in farm produce, especially Vietnamese rice throughsimplified legal frameworks, as well as open Vietnam trade promotionoffices in several Chinese localities as mentioned in an agreementsigned between the two governments.

Border trade also received their attention with plans to build cross-border economic cooperation zones.

Minister Hoang called for the clearing of barriers in chemical, energyand metallurgy projects where China serves as anengineering-procurement-construction contractor in Vietnam.

Both sides agreed to send a working delegation to China shortly.

Also the same day, Minister of Planning and Investment Bui Quang Vinhaccepted Chairman of the National Development and Reform of China XuShaoshi’s invitation to return to China to realise infrastructurecommitments signed in a memorandum of understanding on establishing aWorking Group on road infrastructure.

They also shared the wish to continue sharing experience and investment activities.

In a separate working session, Minister Vinh and his host Minister Gaoreviewed the progress of the 2012-2016 master plan for Vietnam-Chinasocio-economic development and pledged to hold a meeting to choose keyprojects to add to their portfolios.

Chinarequested Vietnam’s support for the opening of industrial parks in thesouthern province of Tien Giang and the northern city of Hai Phong.

Vinh highly valued China’s efforts in accelerating the construction ofthe Vietnam-China Friendship Cultural Palace in Hanoi, and the hostpledged to work closely with Vietnam to complete the project as soon aspossible.

The two ministers also committed their continued assistance to investors active in each country.

Ministers Hoang and Vinh are accompanying Party General Secretary Nguyen Phu Trong on his visit to China from April 7-10.

According to Vietnamese Customs, Vietnam-China import-export value was58 billion USD in 2014, up 17 percent from 2013. Trade fromJanuary-March grew 17.5 percent annually to 14.6 billion USD.-VNA
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