Vietnam and China hold great potential and opportunities for furthercooperation and Vietnam pledges to create favourable conditions forforeign businesses to invest in the country, said a ministry official.
Minister of Industry and Trade Vu Huy Hoang,delivered this message at a dialogue forum in Hanoi on July 16 betweenthe Ministry of Industry and Trade (MoIT), the Ministry of Planning andInvestment (MoPI) and Chinese companies which are operating in Vietnam.
Hoang spoke highly of the role played by thebusiness communities of both nations in fostering the strong developmentof economic, trade and investment relations in recent years.
The Chinese Ambassador to Vietnam, Sun Guoxiang, said theGovernment of China places huge importance on developing economic andtrade ties with neighbours, especially Vietnam.
TheChinese Government also supports capable and prestigious companies to dobusiness in foreign markets on the basis of mutual trust and benefit,he said.
Sun said he hoped that via the dialogue,Vietnam’s concerned agencies and Chinese businesses would work togetherto deal with outstanding difficulties and obstacles, thereby boostingbilateral economic and commercial relations.
At theforum, which saw the attendance of representatives from almost 150Chinese companies, MoIT and MoPI officials discussed issues Chinesefirms are interested in, such as Vietnam’s strategies to develop its oilrefinery and petrochemical industry, tax policy, the use of yuan incross-border trade payments, customs procedures, investment incentivesand priority fields for investment.
Statisticsreleased by MoIT show that Vietnam-China trade has recorded an annualaverage growth rate of 32 percent during the past decade. Despite theadverse impacts of the global economic crisis, two-way trade reached21.35 billion USD in 2009, up 5.4 percent from the previous year.
Thanks to the world economy’s recovery, earnings fromVietnamese exports to China rose by 44 percent in the first five monthsof this year, while import turnover surged by 33 percent as comparedwith 2009.
By the end of June 2010, China hadinvested in 720 projects in Vietnam with a combined registered capitalof 2.92 billion USD, ranking 15 th among 91 countries and territoriesinvesting in the Southeast Asian country.
The forumwas held as part of the Vietnam-China Friendship Year 2010 andcelebrations of the 60 th anniversary of diplomatic ties between thetwo nations./.
Minister of Industry and Trade Vu Huy Hoang,delivered this message at a dialogue forum in Hanoi on July 16 betweenthe Ministry of Industry and Trade (MoIT), the Ministry of Planning andInvestment (MoPI) and Chinese companies which are operating in Vietnam.
Hoang spoke highly of the role played by thebusiness communities of both nations in fostering the strong developmentof economic, trade and investment relations in recent years.
The Chinese Ambassador to Vietnam, Sun Guoxiang, said theGovernment of China places huge importance on developing economic andtrade ties with neighbours, especially Vietnam.
TheChinese Government also supports capable and prestigious companies to dobusiness in foreign markets on the basis of mutual trust and benefit,he said.
Sun said he hoped that via the dialogue,Vietnam’s concerned agencies and Chinese businesses would work togetherto deal with outstanding difficulties and obstacles, thereby boostingbilateral economic and commercial relations.
At theforum, which saw the attendance of representatives from almost 150Chinese companies, MoIT and MoPI officials discussed issues Chinesefirms are interested in, such as Vietnam’s strategies to develop its oilrefinery and petrochemical industry, tax policy, the use of yuan incross-border trade payments, customs procedures, investment incentivesand priority fields for investment.
Statisticsreleased by MoIT show that Vietnam-China trade has recorded an annualaverage growth rate of 32 percent during the past decade. Despite theadverse impacts of the global economic crisis, two-way trade reached21.35 billion USD in 2009, up 5.4 percent from the previous year.
Thanks to the world economy’s recovery, earnings fromVietnamese exports to China rose by 44 percent in the first five monthsof this year, while import turnover surged by 33 percent as comparedwith 2009.
By the end of June 2010, China hadinvested in 720 projects in Vietnam with a combined registered capitalof 2.92 billion USD, ranking 15 th among 91 countries and territoriesinvesting in the Southeast Asian country.
The forumwas held as part of the Vietnam-China Friendship Year 2010 andcelebrations of the 60 th anniversary of diplomatic ties between thetwo nations./.
