PM appreciative of Chinese businesses’ contributions to economic ties with Vietnam
VOV.VN - The Chinese business community plays a very important role in making economic, trading, and investment co-operation both a bright spot and an important pillar in the mutual relationship between the two countries.
Prime Minister Pham Minh Chinh made the statement while chairing a roundtable discussion with a delegation of 19 Chinese groups operating in green economy and digital economy.
In his speech, PM Chinh thanked and applauded the practical and effective contributions made by Chinese businesses to the nation’s socio-economic development in particular, as well as to the comprehensive strategic partnership between both sides over recent times.
He affirmed that the Party and State of Vietnam always considers developing friendly ties with China as an objective requirement, a strategic choice, and a top priority as part of the nation’s overall foreign policy.
Over recent times, through the combined efforts of both sides, joint relations have been growing steadily, substantially, and comprehensively especially after exchange visits by both nations' senior leaders.
This marks a major step forward in mutual ties and is a very important factor for the overall stability and development of each country, as well as for peace, stability, co-operation, and development in the region and around the world.
Over the past 10 years, trade between the two countries has increased more than four times, thereby making China one of the nation’s largest import markets.
In ASEAN, the country represents China's largest trading partner, with last year’s bilateral trade turnover reaching nearly US$172 billion.
Chinese investment into the Vietnamese market has soared more than 70 times, making the nation the northern neighbour’s largest trading partner in ASEAN, with China also being the sixth largest investor out of 146 investment partners of Vietnam.
In 2023, investment co-operation made a breakthrough as the Chinese side had risen to become the leading partner in the number of new investment projects in Vietnam. As of March, China has had 4,418 valid projects with a total registered capital of more than US$27.6 billion.
The Vietnamese Government leader thereby highlighted discussions as a concrete step in implementing the high-level common perception of the two Parties and two countries in strengthening the comprehensive strategic partnership, further contributing to building a community of shared future that carries strategic significance.
PM Chinh outlined his hopes that Chinese businesses will work hand in hand with Vietnamese ministries and sectors as they frankly and sincerely discuss and propose practical co-operation ideas and initiatives aimed at building on the pillars of economic, trade, and investment co-operation in a more and more substantial manner.
In the spirit of "harmonious benefits, shared risks," PM Chinh said, “the Vietnamese Government is committed to ensuring the legitimate rights and interests of foreign investors, including those from China.”
“Vietnam pledges to ensure political stability, maintain independence, sovereignty, unity and territorial integrity, social order and safety to enable investors feel secure in doing long-term business in Vietnam,” he added.
