Vietnam, China boost cooperation in energy

Vietnamese and Chinese businesses operating in mechanic engineering and energy had a chance to exchange information and seek cooperation opportunities at a seminar in Hanoi on August 17.

The event was jointly held by the Vietnam Chamber of Commerce and Industry (VCCI) and the Beijing research institute of state enterprise information technology.

Vietnam has a huge demand for machinery and facilities to serve the exploitation of natural resources, minerals and clean energies during its integration and development process, said Pham Quang Thinh, Deputy Director of the VCCI’s International Relations Department.

The demand is expected to increase in the coming years, he said.

Since the establishment of the ASEAN-China Free Trade Area in 2010, a large volume of goods, including agricultural and industrial products, has enjoyed low import taxes of between 0-5 percent.

Thinh underlined the need for the two countries’ businesses to take advantage of that low tax rate to cooperate in trade, investment and joint venture production, contributing to the development of the two economies.  -VOV

Tags: Vietnam China cooperation

Posted by VBN on Aug 18 2011. Filed under Energy, Int'l Cooperation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry