Vietnam, China promote trade ties

(VOVworld) - A Vietnam - China business forum was held in Guangxi province, China, yesterday to help businesses in both countries seek new cooperation opportunities. The forum, held by the Vietnam Chamber of Commerce and Industry (VCCI), took place within the framework of the China- ASEAN Expo (CAEXPO) and the 9th China-ASEAN Business-Investment Summit (CABIS) in Nanning city, the capital of Guangxi province. Pham Quang Thinh, deputy head of the VCCI International Cooperation Department, highlighted Vietnam’s incentives and policies for foreign investors, as well as the country’s political stability, security and social order. Vietnam has achieved high economic growth for many years, he said, adding bilateral trade has experienced 32 percent annual growth in the 2000-2010 period. Thinh said China and Vietnam have been fully tapping each other’s potential for mutual benefit, especially in trade and investment.

The forum aims to promote investment projects in both countries and improve the trade balance, thereby strengthening more sustainable bilateral trade.