Vietnam rolls out red carpet for Chinese investors: Ambassador
Updated : Thursday, May 10, 2018 8:52 AM (GMT+0700)

TheVietnamese Government always welcomes and commits to creating conditions forforeign businesses, including those from China’s Chongqing city, to landinvestment in high-tech projects in the country, said Vietnamese Ambassador toChina Dang Minh Khoi.

Vietnam and Chongqing city step up logistics cooperation - Photo: VNA

At a seminar on May 8 heldby the Vietnamese Embassy in China, the Ministry of Industry and Trade ofVietnam in collaboration with Chongqing authorities, Ambassador Khoi noticedthat the investors should pay more attention to protecting the environmentwhile working to ensure labourers’ benefits and social welfare in the hostnation.

Vietnam is acceleratingindustrialisation and modernisation and shaking up the economy in coupled withrenovating growth model, he said, adding that the country is giving priority tothe development of high-tech industries, green technologies, clean energy,organic agriculture and digital economy, among others.

He expressed his hope thatChina will open door for the products which are of Vietnam’s strengths andChina’s demand like farm produce, pork and dairy products. 

Creating favourableconditions for Vietnamese products in the custom clearance procedures is animportant move to bring two-way trade into a more balanced manner, he said.

Meanwhile, Deputy Ministerof Industry and Trade Tran Quoc Khanh highlighted that Vietnam and China holdhuge potential to bolster logistics cooperation.

Vietnam’s logistics servicehas enjoyed strong growth with annual expansion of 20-25 percent and accordingto the World Bank’s rankings, Vietnam is 64th out of 160 countriesin the world and 4th in ASEAN after Singapore, Malaysia and Thailandin logistics development.

The 1,400 kilometre freighttrain service between Hanoi and Chongqing will open opportunities for bothsides to collaborate in the logistics sector, he said, adding that it is aneffective channel to transport goods, including tropical fruit, farm produceand seafood, between Vietnam and China’s localities.

For his part, deputy mayorof Chongqing city Liu Guiping said that multi-model transportation,cross-border road transport and international railways are three main types oftransportation, which help connecting Chongqing and China’s western localities withVietnam and other ASEAN nations.

He wished that enterprisesfrom both nations will work to promote cooperation in the field.

At the seminar, VietnamLogistics Business Association and the trade office of Chongqing city inked anagreement on enhancing logistics cooperation. Enterprises from both sidessigned their agreements and specific cooperation programmes in the coming time.

In addition, more than 200firms met to seek linkages in economy, trade and logistics on this occasion.


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