At the commodities expo of Qinghai province, China, the Vietnam Chamber of Commerce and Industry (VCCI) signed a memorandum of understanding with Qinghai province to create the foundation for the two sides to promote trade and establish information exchange mechanisms, provide and support information for the two business communities on trade and investment policies and commercial events such as exhibitions, trade fairs, enhance the exchange of business delegations, and organise business meetings and exchanges.
The exhibition was held in Hanoi from October 28 to 31, 2013 by the People’s Government of Qinghai province, supported by the Vietnamese Ministry of Industry and Trade, and coordinated by the Chinese Embassy in Vietnam and VCCI. The event aimed to promote friendly relations and economic cooperation exchanges between Qinghai province of China, and Vietnamese provinces and cities.
The expo highlighted advantageous products made by 75 Qinghai province-based enterprises, including agricultural products, garments and textiles, mattress (handmade and machined embroidery), herbs, winter fungus, foodstuffs, health protection products, cultural products, new energies, new materials, manufacturing equipment and electronic products.
Qinghai province, located in the western part of China, is strong in pharmaceuticals, apparels, textiles, chemicals, salt, aluminium and petrochemical engineering. Particularly, this land is very rich in mineral resources and energies. Among 132 kinds of minerals found, 60 types are on the top-ten mineral list in China, including oil, gas, hydroelectric power, ferrous metal and metalloid.
Mr Gu Quoquan, Deputy Director of Qinghai Economic Commission, said the industry of Qinghai will be lifted to a new level by 2020. Qinghai industry will have annual revenue of 1,000 billion yuan, attain industrial value added of over 400 billion yuan, build such industries as solar energy, new material, chemical, salt, potassium, nonferrous metal, petrochemical, new-formed coal chemical energy, special steel, and special biology.
“Qinghai hopes to strengthen cooperation with Vietnam in equipment manufacturing, deep processing and manufacturing of agricultural products, and chemical fertiliser production among others and promote cooperation in making high value-added products, developing advanced science and technology and green technology for mutual development, “said Gu.
Mr Pham Quang Thinh, Deputy Director of VCCI International Relations Department, said, in the first nine months of 2013, total export turnover between Vietnam and China reached US$36.24 billion, up 31.17 percent year on year. Particularly, Vietnam earned US$9.49 billion from exports to China in the reporting period, up 2.61 percent, while spending US$26.74 billion on imports from the neighbouring nation, up 29.49 percent.
Vietnam’s key exports to China include industrial items like telephone and other accessories, glassware, textiles, apparels, computers, electronic products, paper, chemicals; fuels and mineral like oil, coal, metal ores, pharmaceuticals, rubber products; agricultural products like rice, food, vegetables, tea and cashew nuts, fresh seafood; high-grade handicraft; wooden furniture; and confectionery.
Vietnam’s imports from China include iron and steel, fertilisers, petroleum, plastics, fibres, cotton, chemical materials, machinery, equipment, spare parts, medicines, fabrics, textile materials, leather, clinker, pharmaceutical materials, chemicals, pesticides and materials, construction glass, animal feeds, and raw materials.
As of June 2013, China had 925 investment projects capitalised at US$4.7 billion in Vietnam, ranking 14th out of 96 countries and territories investing in Vietnam. They mainly focused investment into manufacturing and mining industries. They also invested in service, forestry, agriculture, seafood processing, health and education. The biggest recipients of Chinese investment capital included Hanoi, Haiphong, Lao Cai, Hung Yen, Long An, Ho Chi Minh City, Binh Duong and Dong Nai as they have relatively good infrastructure. Most projects are being implemented smoothly and successfully and bringing mutual benefits to both countries and companies.
Anh Mai
Đăng ký: VietNam News