Hanoi (VNA) – A meetingwas held in Hanoi on December 10 for businessesfrom Vietnam and China’s Chongqing province todiscuss investment opportunities in the fields of refrigeration mechanics, motorbikemanufacturing, electronics and metallurgy.
Speaking atthe event, Vice Chairman of the Vietnam Association of Foreign-InvestedEnterprises Nguyen Van Toan said two-way trade between Vietnam and China topped106 billion USD last year. Vietnam mostly imported equipment and materials usedfor textile, garment and footwear from China.
He hailedChina as one of the pioneering countries in terms of smart industry and 4.0technology with widespread 5G development.
Vietnam welcomesChinese and Chongqing provincial firms to explore business opportunities in thecountry, he said.
He alsocalled on the two countries’ enterprises to tap trade opportunities, thusboosting bilateral economic and trade ties.
ViceDirector of Chongqing’s Commerce Commission Xu Xincheng said as one of thelargest economic hubs of China, Chongqing serves as an important bridge betweenChina’s southwestern region and Vietnamese localities.
Since 2018, exports-importsbetween Chongqing and Southeast Asian countries have surpassed 12.4 billionUSD, over 3.5 billion USD of which was Vietnam’s trade with the province, up128.95 percent, he said./.
Vietnam, China seek measures to balance trade
Deputy Minister of Industry and Trade Tran Quoc Khanh and his Chinese counterpart Gao Yan co-chaired the 10th meeting of the Vietnam-China Committee for Economic and Trade Cooperation in Hanoi, focusing on measures to reduce Vietnam’s trade deficit with China.