Vietnam, Guangxi sign 54 cooperation projects

As many as 54 trade, investment and credit cooperation projects with a total value of 1.9 billion USD were signed during an economic-trade forum between Vietnam and China’s Guangxi province in Hanoi on September 11.

The projects cover mostly areas of mechanical engineering, machinery, cement, urban infrastructure, wind power, irrigation and hydropower.

Speaking before over 1,000 delegates being senior government officials and businesspeople at the forum, President of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc affirmed that the Vietnamese Government always attaches importance to developing the friendship with China and will do its utmost to foster the bilateral ties, particularly the economic, trade and investment relations with Guangxi province.

The VCCI President spoke highly of the dynamic cooperation between Vietnamese and Guangxi businesses, expressing his belief that Vietnam ’s business environment which is getting more favourable and the country’s deeper economic integration will help ensure Guangxi investors’ success here.

Loc said he hoped that through the forum, Guangxi businesses will strengthen trade and investment cooperation with their Vietnamese counterparts in order to improve the trade balance between the two nations.

According to Chinese Ambassador to Vietnam Sun Guoxiang, the economic-trade cooperation between Guangxi and Vietnam has rapidly developed in recent time. Vietnam has become Guangxi’s largest trade partner with two-way trade reaching over 4 billion USD in 2009. The figure exceeded 2 billion USD in the first half of this year, accounting for nearly 16 percent of the two countries’ trade turnover.

The ambassador affirmed that the Chinese government pays attention to and supports Guangxi businesses’ economic-trade cooperation with Vietnam and will continue facilitate the two sides’ businesses in implementation of cooperation projects in the coming time.

Governor of the Guangxi Zhuang Autonomous Region Ma Biao stressed that Guangxi always attaches importance to developing its economic-trade ties with the Association of Southeast Asian Nations (ASEAN), including Vietnam .

He suggested the two sides speed up the building of the Nanning-Hanoi expressway, develop infrastructure and strengthen coordination in the Greater Mekong Subregion (GMS) cooperation framework as well as facilitate exchanges and cooperation between Guangxi and Vietnam ’s border localities.

At the forum, Vietnamese Deputy Minister of Planning and Investment Nguyen The Phuong also committed to creating more favourable conditions for Guangxi businesses to implement their projects in line with Vietnamese law and called for their continued investments in the country.

- VNA

Tags: Guangxi, Vietnam