As many as 54 trade, investment and credit cooperation projects with a
total value of 1.9 billion USD were signed during an economic-trade
forum between Vietnam and China’s Guangxi province in Hanoi on
September 11.
The projects cover mostly areas of
mechanical engineering, machinery, cement, urban infrastructure, wind
power, irrigation and hydropower.
Speaking before
over 1,000 delegates being senior government officials and
businesspeople at the forum, President of the Vietnam Chamber of
Commerce and Industry (VCCI) Vu Tien Loc affirmed that the Vietnamese
Government always attaches importance to developing the friendship with
China and will do its utmost to foster the bilateral ties, particularly
the economic, trade and investment relations with Guangxi province.
The VCCI President spoke highly of the dynamic cooperation between
Vietnamese and Guangxi businesses, expressing his belief that Vietnam
’s business environment which is getting more favourable and the
country’s deeper economic integration will help ensure Guangxi
investors’ success here.
Loc said he hoped that
through the forum, Guangxi businesses will strengthen trade and
investment cooperation with their Vietnamese counterparts in order to
improve the trade balance between the two nations.
According to Chinese Ambassador to Vietnam Sun Guoxiang, the
economic-trade cooperation between Guangxi and Vietnam has rapidly
developed in recent time. Vietnam has become Guangxi’s largest trade
partner with two-way trade reaching over 4 billion USD in 2009. The
figure exceeded 2 billion USD in the first half of this year, accounting
for nearly 16 percent of the two countries’ trade turnover.
The ambassador affirmed that the Chinese government pays attention to
and supports Guangxi businesses’ economic-trade cooperation with
Vietnam and will continue facilitate the two sides’ businesses in
implementation of cooperation projects in the coming time.
Governor of the Guangxi Zhuang Autonomous Region Ma Biao stressed
that Guangxi always attaches importance to developing its economic-trade
ties with the Association of Southeast Asian Nations (ASEAN), including
Vietnam .
He suggested the two sides speed up
the building of the Nanning-Hanoi expressway, develop infrastructure and
strengthen coordination in the Greater Mekong Subregion (GMS)
cooperation framework as well as facilitate exchanges and cooperation
between Guangxi and Vietnam ’s border localities.
At the forum, Vietnamese Deputy Minister of Planning and Investment
Nguyen The Phuong also committed to creating more favourable conditions
for Guangxi businesses to implement their projects in line with
Vietnamese law and called for their continued investments in the
country./.
