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, Russia plan to hold FTA negotiations

Vietnam and Russia agreed to soon begin negotiations on a bilateral Free Trade Agreement (FTA) with the participation of the nations in the Customs Union ( Russia , Belarus and Kazakhstan).

The first meeting of the joint working group for the Vietnam-Russia FTA will be held in Hanoi next month to embark on steps needed for the negotiations.

The consensus on this issue was reached at the 14th meeting of the Vietnam-Russian Inter-government Committee for Economic, Commercial, Scientific and Technological Cooperation, which closed in Moscow Friday.

Minister of Industry and Trade Vu Huy Hoang, and his Russian counterpart, Viktor Khrristenko, co-chaired the meeting.

The two sides focused discussions on ways to step up cooperation in the fields of economy, commerce, science and technology, and raise two-way trade.

Both sides noted with pleasure that economic and trade relations have seen progress since the 12 th meeting. Bilateral trade reached a decade-high record of almost US$1.83 billion in 2009, including $414.89 million from Vietnamese exports.

However, the officials said economic and trade ties remain modest, failing to reach their full potential, and match with the excellent political relations, traditional friendship and strategic partnership between the two countries.

Vietnam affirmed its desire to cooperate closely and effectively with Russia in energy, with top priority given to oil and gas, and construction of power plants and coal mining.

Other fields that need to receive a boost include mechanical engineering, automobile assembly, trade, finance, banking, education, training, agriculture, science, technology, telecoms, aviation, sports, culture, tourism and space research.

Both Hoang and Khrristenko affirmed the two governments’ support for companies to explore business and investment opportunities in each other’s markets.

The two sides agreed to hold the next meeting in Vietnam in 2011.

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Vietnam, Russia plan to hold FTA negotiations

Vietnam and Russia agreed to soon begin negotiations on a bilateral
Free Trade Agreement (FTA) with the participation of the nations in the
Customs Union ( Russia , Belarus and Kazakhstan ).

The first meeting of the joint working group for the Vietnam-Russia
FTA will be held in Hanoi next month to embark on steps needed for
the negotiations.

The consensus on this issue was
reached at the 14 th meeting of the Vietnam-Russian Inter-government
Committee for Economic, Commercial, Scientific and Technological
Cooperation, which convened in Moscow from Sept. 14-17.

Minister of Industry and Trade Vu Huy Hoang, and his Russian counterpart, Viktor Khrristenko, co-chaired the meeting.

The two sides focused discussions on ways to step up cooperation in
the fields of economy, commerce, science and technology, and raise
two-way trade.

Both sides noted with pleasure that
economic and trade relations have seen progress since the 12 th
meeting. Bilateral trade reached a decade-high record of almost 1.83
billion USD in 2009, including 414.89 million USD from Vietnamese
exports.

However, the officials said economic and
trade ties remain modest, failing to reach their full potential, and
match with the excellent political relations, traditional friendship and
strategic partnership between the two countries.

Vietnam affirmed its desire to cooperate closely and effectively with
Russia in energy, with top priority given to oil and gas, and
construction of power plants and coal mining.

Other
fields that need to receive a boost include mechanical engineering,
automobile assembly, trade, finance, banking, education, training,
agriculture, science, technology, telecoms, aviation, sports, culture,
tourism and space research.

Both Hoang and
Khrristenko affirmed the two governments’ support for companies to
explore business and investment opportunities in each other’s markets.

The two sides agreed to hold the next meeting in Vietnam in 2011./.

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Vietnam, Guangxi sign 54 cooperation projects

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

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 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.

 

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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./.

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CLMV economic ministers meet for increased ties

The economic ministers of Cambodia, Laos, Myanmar and Vietnam (CLMV) met for the first time in Vietnam’s coastal city of Danang on Saturday to seek ways to boost their countries’ economic and trade ties.

They also sought to work more closely in sub-regional, regional and global forums, maximize their countries’ potential, narrow the development gaps among the four and with other countries in the region and around the world, and push up the implementation of the agreements reached at previous CMLV summits.

The ministers acknowledged that the four countries have attained considerable developments in economic and trade ties in recent years and there are still high potentials for making these gains bigger by promoting the development of border markets and cross-border trade.

On trade, they agreed to focus on facilitating trade exchange, enhancing trade promotion activities, and boosting investment flows among the four countries in line with the joint declaration of the fourth CLMV Summit in Hanoi on November 6, 2008.

The ministers agreed to encourage investment into special economic zones (SEZs) and export processing zones (EPZs) lying along their borders with preferential treatments in infrastructure and administrative procedures targeting CLMV investors.

Debating human resource development, they underscored the important role of programs to provide vocational training and enhance the capacity of public administrative officials.

They shared the view that their countries need to boost their policy coordination at sub-regional, regional and international cooperation forums to attract resources from developed partners for narrowing the development gaps between the CLMV and other ASEAN member countries.

The ministers proposed reinforcing their cooperation in making and implementing projects within the framework of the second IAI Working Plan, cooperating closely in tailoring prioritized projects within the sub-regional cooperation frameworks, and stepping up cooperation with regional and international organizations and dialogue countries.

The ministers also discussed the conduct of research and assessments to figure out challenges and shared potentials as well as measures to boost trade and investment among their countries, and the further enhancement of cooperation in FTA negotiations and other negotiations for benefits of each country and the entire group as a whole.

They agreed to continue to study the establishment of a CLMV Development Fund as suggested by Cambodian Prime Minister Hun Sen, which aims at gaining financial assistance from other countries for shortening their development gaps.

The ministers decided that their meeting will convene twice a year along with the ASEAN Economic Ministerial Meeting and that their countries will rotate in playing the coordinating role.

They highly valued the ASEAN Secretariat’s assistance in preparing and organizing their first-ever meeting and expressed hopes to see the attendance of the ASEAN Secretary General or Deputy Secretary General in their future meetings.

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CLMV economic ministers meet for increased ties

The economic ministers of Cambodia, Laos, Myanmar and Vietnam (CLMV) met for the first time in Vietnam’s coastal city of Danang on Saturday to seek ways to boost their countries’ economic and trade ties.

They also sought to work more closely in sub-regional, regional and global forums, maximize their countries’ potential, narrow the development gaps among the four and with other countries in the region and around the world, and push up the implementation of the agreements reached at previous CMLV summits.

The ministers acknowledged that the four countries have attained considerable developments in economic and trade ties in recent years and there are still high potentials for making these gains bigger by promoting the development of border markets and cross-border trade.

On trade, they agreed to focus on facilitating trade exchange, enhancing trade promotion activities, and boosting investment flows among the four countries in line with the joint declaration of the fourth CLMV Summit in Hanoi on November 6, 2008.

The ministers agreed to encourage investment into special economic zones (SEZs) and export processing zones (EPZs) lying along their borders with preferential treatments in infrastructure and administrative procedures targeting CLMV investors.

Debating human resource development, they underscored the important role of programs to provide vocational training and enhance the capacity of public administrative officials.

They shared the view that their countries need to boost their policy coordination at sub-regional, regional and international cooperation forums to attract resources from developed partners for narrowing the development gaps between the CLMV and other ASEAN member countries.

The ministers proposed reinforcing their cooperation in making and implementing projects within the framework of the second IAI Working Plan, cooperating closely in tailoring prioritized projects within the sub-regional cooperation frameworks, and stepping up cooperation with regional and international organizations and dialogue countries.

The ministers also discussed the conduct of research and assessments to figure out challenges and shared potentials as well as measures to boost trade and investment among their countries, and the further enhancement of cooperation in FTA negotiations and other negotiations for benefits of each country and the entire group as a whole.

They agreed to continue to study the establishment of a CLMV Development Fund as suggested by Cambodian Prime Minister Hun Sen, which aims at gaining financial assistance from other countries for shortening their development gaps.

The ministers decided that their meeting will convene twice a year along with the ASEAN Economic Ministerial Meeting and that their countries will rotate in playing the coordinating role.

They highly valued the ASEAN Secretariat’s assistance in preparing and organizing their first-ever meeting and expressed hopes to see the attendance of the ASEAN Secretary General or Deputy Secretary General in their future meetings.

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CLMV economic ministers meet for increased ties

The economic ministers of Cambodia, Laos, Myanmar and Vietnam (CLMV) met
for the first time in Vietnam’s coastal city of Da Nang on Aug. 28 to
seek ways to boost their countries’ economic and trade ties.

They also sought to work more closely in sub-regional, regional and
global forums, maximize their countries’ potential, narrow the
development gaps among the four and with other countries in the region
and around the world, and push up the implementation of the agreements
reached at previous CMLV summits.

The ministers acknowledged that
the four countries have attained considerable developments in economic
and trade ties in recent years and there are still high potentials for
making these gains bigger by promoting the development of border markets
and cross-border trade.

On trade, they agreed to focus on
facilitating trade exchange, enhancing trade promotion activities, and
boosting investment flows among the four countries in line with the
joint declaration of the fourth CLMV Summit in Hanoi on November 6,
2008.

The ministers agreed to encourage investment into special
economic zones (SEZs) and export processing zones (EPZs) lying along
their borders with preferential treatments in infrastructure and
administrative procedures targeting CLMV investors.

Debating
human resource development, they underscored the important role of
programmes to provide vocational training and enhance the capacity of
public administrative officials.

They shared the view that their
countries need to boost their policy coordination at sub-regional,
regional and international cooperation forums to attract resources from
developed partners for narrowing the development gaps between the CLMV
and other ASEAN member countries.

The ministers proposed
reinforcing their cooperation in making and implementing projects within
the framework of the second IAI Working Plan, cooperating closely in
tailoring prioritised projects within the sub-regional cooperation
frameworks, and stepping up cooperation with regional and international
organisations and dialogue countries.

The ministers also
discussed the conduct of research and assessments to figure out
challenges and shared potentials as well as measures to boost trade and
investment among their countries, and the further enhancement of
cooperation in FTA negotiations and other negotiations for benefits of
each country and the entire group as a whole.

They agreed to
continue to study the establishment of a CLMV Development Fund as
suggested by Cambodian Prime Minister Hun Sen, which aims at gaining
financial assistance from other countries for shortening their
development gaps.

The ministers decided that their meeting will
convene twice a year along with the ASEAN Economic Ministerial Meeting
and that their countries will rotate in playing the coordinating role.

They
highly valued the ASEAN Secretariat’s assistance in preparing and
organising their first-ever meeting and expressed hopes to see the
attendance of the ASEAN Secretary General or Deputy Secretary General in
their future meetings./.

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