Businesses from Vietnam and China’s Shandong province signed numerous cooperation deals at an exchange workshop in Ho Chi Minh City on September 9.
Notably among them are DR-AZ group’s project on coal-fuelled power plant in Vietnam and a dragon fruit purchasing project between Vietnam’s Kien Sing and China’s Goodgfarmer, to name a few.
Addressing the event, Deputy Minister of Industry and Trade Nguyen Cam Tu said Vietnam offers Chinese firms copious business opportunities thanks to its dynamic market and stable trading environment.
He also suggested participating firms tap advantages like Vietnam’s international standard legal system to do business.
According to him, Vietnam is plugged into global integration in view of its free trade agreements and ramped-up infrastructure. The country also serves as a springboard into other Southeast Asian markets.
Shandong Deputy Governor Xia Geng recommended enterprises expand their production and trade in such promising fields as infrastructure and financial-banking services.
Vietnamese and Shandong companies, in his opinion, should jointly conduct research and transfer technologies instead of focusing on cultivation and animal husbandry.
Last year, Vietnam and Shandong registered 2.42 billion USD in two-way trade, an annual rise of 17 percent. In the first half of this year, the figure was 1.25 billion USD, of which Vietnam exported goods worth 510 million USD.
Shandong mainly imports foodstuff, natural rubber, crude oil, machinery, garments and seafood from Vietnam while exporting steel, electronic devices and vehicles to the country.-VNA
Notably among them are DR-AZ group’s project on coal-fuelled power plant in Vietnam and a dragon fruit purchasing project between Vietnam’s Kien Sing and China’s Goodgfarmer, to name a few.
Addressing the event, Deputy Minister of Industry and Trade Nguyen Cam Tu said Vietnam offers Chinese firms copious business opportunities thanks to its dynamic market and stable trading environment.
He also suggested participating firms tap advantages like Vietnam’s international standard legal system to do business.
According to him, Vietnam is plugged into global integration in view of its free trade agreements and ramped-up infrastructure. The country also serves as a springboard into other Southeast Asian markets.
Shandong Deputy Governor Xia Geng recommended enterprises expand their production and trade in such promising fields as infrastructure and financial-banking services.
Vietnamese and Shandong companies, in his opinion, should jointly conduct research and transfer technologies instead of focusing on cultivation and animal husbandry.
Last year, Vietnam and Shandong registered 2.42 billion USD in two-way trade, an annual rise of 17 percent. In the first half of this year, the figure was 1.25 billion USD, of which Vietnam exported goods worth 510 million USD.
Shandong mainly imports foodstuff, natural rubber, crude oil, machinery, garments and seafood from Vietnam while exporting steel, electronic devices and vehicles to the country.-VNA
