VN, China talk economic, trade cooperation

A seminar on trade and economic cooperation between Vietnam and China
was held in HCM City on September 24, offering an opportunity for
businesses from HCM City and Guangdong province’s Zhuhai city to boost
bilateral trade and investment cooperation.

The
seminar, co-organised by the Vietnam Chamber of Commerce and Industry
(VCCI), HCM City branch and China-ASEAN Business Council (CABC), drew
the participation of 50 entrepreneurs from Zhuhai city operating in such
areas as electricity, electronics, biology, pharmaceuticals,
garment-making equipment, household utensils, environmental
technology and chemicals.

More than 100 representatives of VCCI member businesses also took part in the event.

According to VCCI Vice President Doan Duy Khuong, Vietnam and
Guangdong have promoted each other’s strengths in economic, trade and
investment cooperation. They are striving to raise their two-way trade
to 5 billion USD in the next three years.

The CABC
Deputy Secretary-General, Xu Ningning, said China has maintained its
position as Vietnam’s largest trade partner for six consecutive years.

Vietnam and China see great potential for economic and trade
cooperation as more and more Chinese businesses are interested in
investing in the Vietnamese market, he said./.

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Vietnam, Laos step up agricultural cooperation

Vietnam and Laos have inked a MoU on boosting their comprehensive
cooperation in agro-forestry, fisheries and rural development with a
focus on science and technology, training, investment and trade.

The memorandum of understanding (MoU) was signed between Vietnamese
Minister of Agriculture and Rural Development Cao Duc Phat and Lao
Agro-Forestry Minister Sitaheng Rasphone in Hanoi on September 14.

Under the MoU, which is part of the two
Governments’ Cooperation Agreement, the two sides will continue
implementing projects to build agriculture-rural area-farmer development
strategies and zone off agricultural areas for Laos .

The MoU also mentions several new projects in 2011, including Lao
Fisheries Development Planning for 2011-2020, research on creating new
varieties of maize and upgrade of an animal quarantine post at the
Densavanh border gate in Sepon district as well as a project on
transferring flood and drought management software.

The two countries’ agricultural ministries will strengthen bilateral
and multilateral cooperation to realise their regional and international
commitments in the fields of climate change, reducing emissions from
deforestation and forest degradation (REDD+), food security and safety,
and strengthening management and enforcement of laws on forestry and
forest product trade.

Earlier, the two sides held
talks during which they informed each other about each country’s
agricultural development situation. The two ministers agreed to speed up
the trading of agro-forestry products between the two countries, remove
trade barriers and facilitate investment activities by Vietnamese and
Lao businesses.

According to Minister Phat, the
Vietnam-Laos agricultural cooperation has seen remarkable results
recently with the effective prevention of cross-border infectious
diseases among animals and the signing of cooperation agreements on
protecting watershed and border forests as well as the planting of
rubber trees in Laos. The two countries aim to have more than 24,400 ha
planted with rubber trees by the end of this year.

He also suggested the two sides further strengthen bilateral ties in
the fields of veterinary, animal quarantine and afforestation./.

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Vietnam, Mongolia expect $12 mln in trade

Vietnam and Mongolia have agreed to set up their business associations, aiming at obtaining US$12 million in two-way trade by 2012.

The agreement was made during the 14th session of the Mongolia-Vietnam Inter-governmental Committee on economic, trade and scientific-technological cooperation held in Ulan Bato from August 26-29.

The Mongolian side to the meeting was led by Tunjin Badamjunai, Minister for Food Agriculture and Light Industry and Chairman of the sub-committee. The Vietnamese side was headed by Ho Xuan Hung, Deputy Minister of Agriculture and Rural Development and Chairman of the sub-committee.

The two sides reviewed the implementation of the agreements reached at the previous session, informed each other of socio-economic development of their respect countries and set orientation for future fundamental cooperation.

They stressed that during the upcoming visit to Vietnam by the Mongolian Chairman of National Assembly in December, the two sides are expected to sign an agreement on cooperation in education and training for the 2011-2005 period and a protocol on hygiene and food safety quarantine for meats.

On the occasion, Vietnamese and Mongolian businesses reached cooperation agreements, serving Vietnam’s cattle-feed processing industry.

The Vietnamese delegation was received by Mongolian Deputy Prime Minister Miyegombo Enkhbold, who stressed the two countries’ strength on agriculture as well as opportunities for cooperation in health care, education, food, agriculture, light industry, mine and energy.

He said he believed that Vietnam as ASEAN Chair will support Mongolia’s participation in the East Asian Summit meeting and activities of ASEAN.

The delegation attended a congress to set up the Vietnamese people association in Mongolia, Sunday.

Two-way trade between Vietnam and Mongolia reached $9.8 million in 2009.

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Vietnam, Canada eye $2 billion in bilateral trade

Canada will further step up cooperation projects in Vietnam, particularly in the fields of education and training

Two-way trade between Vietnam and Canada is expected to exceed US$2 billion and Canada will become one of the leading investors in the Southeast Asian country in years to come.

Prime Minister Nguyen Tan Dung was speaking at a reception given to the outgoing Canadian Ambassador to Vietnam, Deanna Horton, in the capital city of Hanoi Wednesday.

PM Dung spoke highly of the diplomat’s contributions to promoting mutual understanding, friendship and cooperation between the two nations’ people, especially in humanitarian assistance, cultural development, education and international cooperation.

The government leader requested Canada continue to hold negotiations with concerned ministries and agencies of Vietnam to soon sign a bilateral trade and investment protection agreement and speed up the implementation of projects in Vietnam.

He applauded Canada ’s rotating co-chairmanship of G-20 and thanked Canada for its invitation to Vietnam to attend the G-20 Summit in its capacity as Chair of ASEAN last June.

PM Dung said he hoped that in whatever positions, Horton would continue to support and contribute to the development of friendly and cooperative ties between the two nations.

Horton said Canada will further step up cooperation projects in Vietnam, particularly in the fields of education and training.

The ambassador told her host that Canada has funded many projects which have brought practical benefits to Vietnam in environmental protection, epidemic prevention and vocational training.

Investors from Canada currently want to pour more funds into Vietnam, she said, adding that the Canadian Government has already asked Canadian companies to perform in a socially responsible manner while doing business in Vietnam.

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