A workshop focusing on strengthening business cooperation and boostingexports to the Chinese market was held in Ho Chi Minh City on June 26.
Addressing the workshop, Deputy Director of the Ho Chi MinhCity branch of the Vietnam Chamber of Commerce and Industry (VCCI)Nguyen The Hung said two-way trade between Vietnam and China has seennotable growth but still failed to match the potential.
According to Hung, Vietnamese enterprises should actively update marketinformation in order to boost exports to China, heading to a tradebalance between the two countries.
The VCCI will speed upseveral activities in the coming time to help Vietnamese businessespenetrate effectively into the Chinese market, he added.
According to an official from the Chinese Consulate General in Ho ChiMinh City, China is willing to create favourable conditions forVietnamese enterprises to access its market and increase investment andbusiness activities in China.
In the next five years, Chinesedirect investment overseas will exceed 500 billion USD, creating greatopportunities to businesses in the Asia-Pacific region, includingVietnam, he said.
In the first five months of 2015, Vietnamexported goods worth 6.1 billion USD and imported 15.9 billion USD ofcommodities from China, resulting in a trade deficit of 9.8 billion USD.
Vietnam mainly exported crude oil, coal, computers,telephones, vegetables, and aquatic products while importing machines,equipments, steels, and fertilizer.-VNA
Addressing the workshop, Deputy Director of the Ho Chi MinhCity branch of the Vietnam Chamber of Commerce and Industry (VCCI)Nguyen The Hung said two-way trade between Vietnam and China has seennotable growth but still failed to match the potential.
According to Hung, Vietnamese enterprises should actively update marketinformation in order to boost exports to China, heading to a tradebalance between the two countries.
The VCCI will speed upseveral activities in the coming time to help Vietnamese businessespenetrate effectively into the Chinese market, he added.
According to an official from the Chinese Consulate General in Ho ChiMinh City, China is willing to create favourable conditions forVietnamese enterprises to access its market and increase investment andbusiness activities in China.
In the next five years, Chinesedirect investment overseas will exceed 500 billion USD, creating greatopportunities to businesses in the Asia-Pacific region, includingVietnam, he said.
In the first five months of 2015, Vietnamexported goods worth 6.1 billion USD and imported 15.9 billion USD ofcommodities from China, resulting in a trade deficit of 9.8 billion USD.
Vietnam mainly exported crude oil, coal, computers,telephones, vegetables, and aquatic products while importing machines,equipments, steels, and fertilizer.-VNA
