Beijing (VNA) - A recent investment promotion conference of Vietnam's Hung Yen province held in Beijing, China attracted over 200 delegates from both countries showed great prospects for further economic-trade cooperation between Vietnam and China.
Participants explored investment cooperation opportunities in the fields of new energy, high technology, smart manufacturing, and infrastructure, according to an article published on April 8 by International Business News, a media outlet under China’s Ministry of Commerce.
It cited Vietnamese Ambassador to China Pham Thanh Binh as noting that in 2024, under the strategic directions of senior leaders from both Parties and countries, Vietnam–China relations continued to thrive. He expressed his hope that the conference would deepen and expand bilateral cooperation in high technology, digital transformation, and green development, bringing tangible benefits to both peoples.
Amid global economic restructuring and deeper regional cooperation, Vietnam–China economic and trade ties have grown significantly. with larger scale and major projects actively promoted, creating strong momentum for both nations' socio-economic development.
Speaking at the event, Zhang Yujing, Chairman of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME), highlighted the agency's active role in recent years in promoting trade and investment cooperation with Vietnam. It has organised trade fairs, investment matchmaking sessions, and technical cooperation seminars, facilitating deeper business connections between the two countries.
In the coming time, CCCME is ready to support Vietnam’s high-quality development through continuously building platforms for economic-trade cooperation between localities and enterprises, he said, adding it will also strengthen collaboration with Vietnam’s embassy and relevant business associations, with a focus on expanding cooperation in key industries.
The article emphasised that the Vietnamese Government has introduced various preferential policies such as tax and land lease incentives, and streamlined administrative procedures, to attract foreign investment. These policies have helped create a favourable business environment for global investors, including those from China.
Vietnam's active participation in international trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is also facilitating market access. Chinese enterprises can leverage Vietnam’s trade links to reach wider international markets.
The article also quoted Secretary of the Hung Yen provincial Party Secretary Nguyen Huu Nghia as saying that as a key economic hub in northern Vietnam, Hung Yen has attracted numerous foreign-invested firms, including many from China, thanks to administrative reforms and infrastructure improvements. The province is committed to delivering a modern, smart, livable, and environmentally friendly economy, and welcomes further investments from Chinese enterprises, he noted./.
VNA
