Illustrative image (Source: VNA)HCM City (VNA) – Chinaapproved investment projects and merger & acquisition deals worth 2.45billion USD in the first seven months of this year, ranking third among foreigninvestors in Vietnam, said a Chinese official.
At a trade conference within theframework of the Zhejiang International Trade Expo 2019 held in Ho Chi MinhCity on August 1, Commercial Consul Li Jianliang at the Chinese ConsulateGeneral in the city said the comprehensive strategic cooperative partnershipbetween Vietnam and China has grown in diverse areas with two-way tradeexceeding the 100 billion USD benchmark last year.
By the end of 2018, China hadinvested in 2,149 projects with a total registered capital of 13.4 billion USDin Vietnam, he said.
To Ngoc Son, Deputy Director ofthe Ministry of Industry and Trade’s Department of Asia-Africa Markets, said Vietnamhas increasingly integrated into the world economy and become one of the mostattractive markets in the Association of Southeast Asian Nations (ASEAN).
Moreover, 12 free tradeagreements, including new-generation deals - the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) and the European Union-VietnamFree Trade Agreement (EVFTA) - will open up the door to over the 50 largesteconomies in the world, he said.
Vietnam has surpassed Malaysia tobecome the biggest trade partner of China in ASEAN. The country is now thefifth largest export market and the ninth biggest import market of China in theglobe, Son added.-VNA
At a trade conference within theframework of the Zhejiang International Trade Expo 2019 held in Ho Chi MinhCity on August 1, Commercial Consul Li Jianliang at the Chinese ConsulateGeneral in the city said the comprehensive strategic cooperative partnershipbetween Vietnam and China has grown in diverse areas with two-way tradeexceeding the 100 billion USD benchmark last year.
By the end of 2018, China hadinvested in 2,149 projects with a total registered capital of 13.4 billion USDin Vietnam, he said.
To Ngoc Son, Deputy Director ofthe Ministry of Industry and Trade’s Department of Asia-Africa Markets, said Vietnamhas increasingly integrated into the world economy and become one of the mostattractive markets in the Association of Southeast Asian Nations (ASEAN).
Moreover, 12 free tradeagreements, including new-generation deals - the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) and the European Union-VietnamFree Trade Agreement (EVFTA) - will open up the door to over the 50 largesteconomies in the world, he said.
Vietnam has surpassed Malaysia tobecome the biggest trade partner of China in ASEAN. The country is now thefifth largest export market and the ninth biggest import market of China in theglobe, Son added.-VNA
VNA
