Vietnam, Guangdong businesses forge trade ties

Businesses from China’s Guangdong province are hoped to promote investment in Vietnam in the fields of support industry, processing industry and energy, as well as increase bilateral import-export activities.

Vietnam’s Ministry of Industry and Trade has also asked the Guangdong authorities to hold regular trade exchanges and make it easier for Vietnamese enterprises operating in the province, said Deputy Minister Nguyen Cam Tu at a December 9 trade conference in Ho Chi Minh City.

According to Guangdong Vice Governor Zhao Yu Fang, Vietnam boasts a dynamic economy and commercial development, which will be fundamental for promoting bilateral cooperation for mutual benefits.

She added that Guangdong has exerted every effort to create favourable conditions for foreign enterprises to do business in the province, especially in information technology, electronics, architecture, transportation and environment.

Meanwhile, Vice Chairman of the HCM City People’s Committee Le Manh Ha stressed that the city always welcomes overseas investors, including those from Guangdong province.

He said he hopes the conference will be a good chance for businesses to seek partners and enhance bilateral cooperative ties in wide-ranging fields.

He underlined the similarities in tourism shared by his city and China’s locality, including their affiliation to services and professional training in the sector.

Two-way trade between Vietnam and Guangdong was recorded at US$8.83 billion in the first nine months of this year, a year-on-year increase of 43.1 percent.

More than 40 businesses from Guangdong province are investing in Vietnam with a total capital of over $2.4 billion.

Source: VNA

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