Trade cooperation between Vietnam and Chinese province ofGuangdong continues playing an important part in the Vietnam-Chinapartnership, Deputy Prime Minister Pham Binh Minh has said.
Addressing a conference in Hanoi on April 14, which was jointlyorganised by the Ministry of Industry and Trade and the People’sGovernment of Guangdong province, the Deputy PM hailed the organisationof the conference, describing it as a great chance for the businesscommunities of both sides to strengthen their connectivity.
It is expected to help enhance trade ties between Vietnam and China aswell as Vietnamese localities and Guangdong in particular, thusreducing Vietnam’s trade surplus from China and contributing tofulfiling the target of raising two-way trade to 60 million USD by 2015,Minh said.
Despite the gloomy global economy,Vietnam and China have still enjoyed trade growth at an average of 30percent annually in the past decade, the minister noted, adding thatcooperation prospects between the two countries are still bright.
Meanwhile, Deputy Minister of Industry and Trade Nguyen Cam Tu saidlast year Vietnam-Guangdong trade hit nearly 12.3 billion USD, up 40percent over 2012.
He said that by the end ofFebruary this year, the figure had already reached 1.71 billion USD.Vietnam ’s exports to Guangdong were worth 720 million USD, a 19.4percent rise, while its imports were valued at 995 million USD, a 7.5percent over the same period last year.
Vietnamis currently accounting for 11.6 percent of the total trade betweenASEAN countries with the Chinese province, Tu added.
According to Hu Chunhua, Secretary of the Guangdong Party Committee,Vietnam and Guangdong can supplement each other in naturalresources and economics.
He also gave some proposalsto boost bilateral partnership, including expanding investment andtrade ties, speeding up the construction of joint economic zones andinfrastructure system, and beefing up agro-fishery cooperation.
On the occasion, the two sides inked a number of trade and investmentagreements in agriculture, electronics, telecommunication and educationwith a total value of over 200 million USD.-VNA
Addressing a conference in Hanoi on April 14, which was jointlyorganised by the Ministry of Industry and Trade and the People’sGovernment of Guangdong province, the Deputy PM hailed the organisationof the conference, describing it as a great chance for the businesscommunities of both sides to strengthen their connectivity.
It is expected to help enhance trade ties between Vietnam and China aswell as Vietnamese localities and Guangdong in particular, thusreducing Vietnam’s trade surplus from China and contributing tofulfiling the target of raising two-way trade to 60 million USD by 2015,Minh said.
Despite the gloomy global economy,Vietnam and China have still enjoyed trade growth at an average of 30percent annually in the past decade, the minister noted, adding thatcooperation prospects between the two countries are still bright.
Meanwhile, Deputy Minister of Industry and Trade Nguyen Cam Tu saidlast year Vietnam-Guangdong trade hit nearly 12.3 billion USD, up 40percent over 2012.
He said that by the end ofFebruary this year, the figure had already reached 1.71 billion USD.Vietnam ’s exports to Guangdong were worth 720 million USD, a 19.4percent rise, while its imports were valued at 995 million USD, a 7.5percent over the same period last year.
Vietnamis currently accounting for 11.6 percent of the total trade betweenASEAN countries with the Chinese province, Tu added.
According to Hu Chunhua, Secretary of the Guangdong Party Committee,Vietnam and Guangdong can supplement each other in naturalresources and economics.
He also gave some proposalsto boost bilateral partnership, including expanding investment andtrade ties, speeding up the construction of joint economic zones andinfrastructure system, and beefing up agro-fishery cooperation.
On the occasion, the two sides inked a number of trade and investmentagreements in agriculture, electronics, telecommunication and educationwith a total value of over 200 million USD.-VNA
