Guangdong – Vietnam cooperation reviewed

Vice Governor of China’s Guangdong province Zhao Yufang visited Vietnam and attended a conference to review cooperation between Vietnamese ministries, agencies and localities and Guangdong province from Sept. 4-9.

At the conference, the second of its kind, the two sides agreed that together with the Vietnam-China comprehensive strategic cooperative partnership, the multi-faceted cooperation between Vietnam and Guangdong has seen positive developments, especially in the exchange of visits, economic, trade and investment cooperation, along with culture, education, agriculture and tourism.

In the economic field, Guangdong has led Chinese localities in trading with Vietnam, with a total turnover of over US$5.83 billion in 2010, up 31.9 percent against the previous year. The figure reached US$3.56 billion in the first six months of 2011, representing a year-on-year increase of 40 percent.

Guangdong businesses have invested in many projects in Vietnam, particularly the An Duong Industrial Park project in the northern port city of Hai Phong, with a registered investment of US$4 billion.

Many Vietnamese commodities have become familiar to Guangdong customers, especially consumer goods, agricultural products and food.

In 2010, about 100,000 Guangdong tourists visited Vietnam, soaring 40.6 percent, and more than 180,000 Vietnamese visitors chose Guangdong as their destination, up 31.7 percent.

During the conference, the two sides also agreed on several measures to boost the mutually beneficial cooperation and partnership between the two sides in all fields, especially the exchange of delegations, sharing of experience, and trade and investment promotion.

Besides Hanoi, the Guangdong delegation also visited Hai Phong city and Quang Ninh province – VOV

Tags: Vietnam China cooperation