State President joins VN-China economic, trade cooperation seminar

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Báo điện tử CP English - 1 week(s) ago  readings

VGP – State President Tran Dai Quang attended a seminar on Viet Nam-China economic and trade cooperation in 2017 in Beijing on May 12 during his State visit to the neighboring country for the “Belt and Road” Summit.

State President Tran Dai Quang attended a seminar on Viet Nam-China economic and trade cooperation in 2017, Beijing, May 12, 2017 - Photo: VNA

The event was jointly hosted by the Vietnamese Ministry of Planning and Investment, the Chinese Ministry of Commerce, and the China Council for the Promotion of International Trade. It drew the attendance of Vietnamese Deputy PM Vuong Dinh Hue, his Chinese counterpart Wang Yang, ministerial and sectorial leaders, and 50 businessmen on high-tech, real estate, finance, and agriculture.

Chinese Vice Premier Wang Yang highly valued potentials and cooperative achievements in economics, trade, and investment between the two countries over the past time. He affirmed to continue encouraging businesses to broaden presence in Viet Nam and provide support for Vietnamese investors in China in favor of trade balance.

The Vice Premier proposed the two sides strengthen strategic connectivity; beef up cooperation in economics, trade, and investment.

State President Quang affirmed that Viet Nam is willing to create favorable conditions for Chinese enterprises to do business and invest in Viet Nam. Over recent years, China has always been the largest trade partner of Viet Nam with two-way trade reaching nearly US$ 72 billion in 2016.

Viet Nam serves as a gateway for China to other markets as well as the top trade partner of China in ASEAN, he noted, adding that China is also one of the ten largest investors in Viet Nam with total investment of US$ 11.2 billion.

Viet Nam has also become increasingly popular among Chinese tourists thanks to various air routes between the two countries, he said. China has expanded the scale of preferential credit for Viet Nam in industry, energy and infrastructure, added the State President.

As a founding member of the Asian Infrastructure Investment Bank, Viet Nam believes that many infrastructure projects will be implemented in Viet Nam in the future.

State President Tran Dai Quang highlighted Viet Nam’s efforts in speeding up comprehensive reforms, industrialization and modernization with initial achievements.

After nearly 30 years of high and stable growth, Viet Nam has become an economy worth over US$ 220 billion, while running as an open economy with trade scale 1.6 times GDP.

The country’s international integration is also progressing with a network of new generation free trade agreements that help expand its development.

Viet Nam aims to continue improving its investment environment and to enhance national competitiveness with the private and foreign-invested sectors an an important drivers of development, he stated.

The State President underscored that Viet Nam will use all resources while building a firm foundation for its value chain to become a modern industrial country, paving the way for green growth and sustainable development.

On this occasion, Vietnamese and Chinese enterprises signed several cooperation agreements in milk distribution, rice plant construction and tourism./.

By Kim Loan

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