China encourages businesses to invest in Vietnam
China encourages businesses to invest in Vietnam
Chinese Premier Li Keqiang on Tuesday affirmed that “China encourages and creates favorable conditions for its businesses to boost investment and trade with Viet Nam.”
At the banquet for Vietnamese and Chinese businesses on the same day, Premier Li also welcomed and voiced support for Vietnamese enterprises to do business in China.
Premier Li said China always attaches importance to strengthening cooperation with Viet Nam and will continue to work with the country to deepen friendship and cooperation for mutual benefits.
The Chinese leader spoke highly of Viet Nam’s position in ASEAN and expressed his hope that Viet Nam would support China to expand economic, trade and investment ties with ASEAN.
China is now the leading trade partner of Viet Nam with the two-way trade value amounting to over US$41 billion last year, an increase of 15.3% against 2011. The figure stood at nearly US$32 billion in the first eight months of this year. The two countries set the target to increase trade value to US$60 billion by 2015.
By the end of September this year, China had some 940 projects with total capital of nearly US$5 billion, ranking 12th among biggest investors in Viet Nam.
However, the above figures do not match with the two countries’ potentials, noted PM Nguyen Tan Dung.
PM Dung highlighted that Viet Nam is now engaging in negotiations on regional comprehensive economic partnership (RCEP), trans-pacific partnership (TPP), free trade agreements with the European Union and Customs Union of Russia, Belarus and Kazakhstan, which are expected to offer new opportunities for investors.
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