Vietnam-China trade and economic forum opens

Addressing the opening ceremony, Deputy Mayor Jiao Yaoguang of Liuzhou City briefed participants on the socio-economic development situation as well as the province’s investment policies.

Emphasizing the importance of “Two corridors, one economic belt” cooperation between Vietnam and China, he expressed hope that businesses of both countries will boost cooperation in such fields as infrastructure, science and technology, food, education and training and tourism.

Vietnamese ambassador to China Nguyen Van Tho said the forum was of great significance as it offered an opportunity for businesses of both countries to strengthen cooperation and contribute to developing cooperative relations for the benefit of both sides.

He said both countries have great potential for trade and investment cooperation, especially in the fields of agriculture, transportation, manufacturing industry and support services for the development of the economic belt.

Pham Gia Tuc, vice president of the Vietnam Chamber of Commerce and Industry (VCCI) delivered a report on Vietnam’s investment and trade promotion activities in recent times.

To establish an information channel for the business community of both countries, the VCCI has set up a business forum and a Vietnam-China Business Council. The cooperative mechanism has attracted more than 2,000 Vietnamese and Chinese businesses, becoming an effective tool for the business communities between the two countries to promote trade exchange, he said.

Tuc affirmed that Vietnamese businesses are keen to cooperate with Chinese partners but also with other foreign businesses operating in China.  

With its increasing role within ASEAN, APEC, and ASEM, Vietnam has become a gateway for businesses of other nations to penetrate other important markets in the region.