Deputy Foreign Minister Le Hoai Trung at the event (Source: VNA) Speaking at the ceremony, Deputy Foreign Minister Le HoaiTrung said China has been Vietnam’s largest trade partner over the past 13consecutive years. Two-way trade hit 72 billion USD last year, or one fifth ofVietnam’s total exports.
Last year, China was among top 10 foreign investors inVietnam, ranking eighth with a total registered capital of 10.5 billion USD.
Two-way trade between Vietnam and Guangdong and Hong Kongreached 17 billion USD and 6.09 billion USD, respectively. As of March 2017,Hong Kong was the sixth foreign investor in Vietnam with a total registeredcapital of 17 billion USD.
Trung said with optimism that bilateral ties will keepthriving, given that the Vietnamese economy has maintained a growth of over 6percent despite the global economic and financial crisis.
According to the Deputy FM, Vietnam is gradually becoming animportant link in the global value chain, particularly in the fields of electronics,garment, agriculture and fisheries. Meanwhile, Hong Kong is a significantgateway for Vietnamese goods to enter the Chinese market.
Almost Vietnamese industries and sectors are stronglydeveloping, from transport infrastructure, urban planning and development, energy,high-tech agriculture, machinery engineering to support industry.
The Vietnamese government is determined to further step upreform and global integration.
Commercial and Economic Counsellor at the Chinese embassy HuSuo Jin hailed Guangdong’s high gross domestic product over the past 28 yearsand described Hong Kong as a major financial, trade and transportation centre ofChina.
He said the Chinese embassy will continue serving as abridge connecting the two countries’ businesses in the near future.
A senior official from Guangdong province said Vietnam’sfarm produce such as rice and fruits are popular in Guangdong while consumergoods such as footwear, apparel and electronics have also attracted Vietnameseconsumers. Last year, Guangdong poured over 207 million USD into Vietnam.
He added that the provincial authorities support An Duongindustrial zone in Hai Phong, hoping that it will become a model industrialzone.
At the event, participating firms learned about businessopportunities and market demand in each side.-VNA
VNA
