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Vietnam Business » Vietnam Trade News » Vietnam and China aim to boost trade, investment relations

Vietnam and China aim to boost trade, investment relations

Chen said he hoped the Vietnamese government would create favourable conditions for Chinese investors. He also wished Vietnam, as the chair of Asean 2010, would support China in expanding relations with Asean nations, especially in trade and investment.

Vietnam and China needed to overcome any difficulties and differences to promote trade and investment, prime minister Nguyen Tan Dung said yesterday.

He was speaking to the Chinese minister of Commerce, Chen Deming, who was on an official visit to Vietnam.

Dung said the potential for economic cooperation was huge.

Chen said he hoped the Vietnamese government would create favourable conditions for Chinese investors. He also wished Vietnam, as the chair of Asean 2010, would support China in expanding relations with Asean nations, especially in trade and investment.

Chen discussed economic and trade cooperation at bilateral and regional level with the Vietnamese minister of Industry and Trade, Vu Huy Hoang.

Last year, two-way trade between the neighbouring nations was more than $20 billion and the two sides said they hoped to increase it to $25 billion this year.

Agreements were also made on furthering exchanges in the legal field, policies between bordering provinces and on the prevention of smuggling.

The two countries will also boost cooperation on trans-border economic cooperation zones.

Minister Hoang suggested that China encourage Chinese businesses to import Vietnamese goods as well as create favourable conditions for Vietnamese enterprises to export goods to China.

China will soon approve loans with preferential interest rates for Vietnam to help the launching of major industrial projects.

Vietnam Business And Financial News Network. Source [intellasia.net]

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