Vietnam rolls out red carpet for Chinese investors: Ambassador

Representatives of Vietnam and China signed co-operation agreements at the conference in China’s Chongqing city. - VNA Photo Luong Tuan Anh

At a seminar on Tuesday held by the Vietnamese Embassy in China, the Ministry of Industry and Trade of Vietnam in collaboration with Chongqing authorities, Ambassador Khoi noticed that the investors should pay more attention to protecting the environment while working to ensure labourers’ benefits and social welfare in the host nation.

Vietnam is accelerating industrialisation and modernisation and shaking up the economy in coupled with renovating growth model, he said, adding that the country is giving priority to the development of high-tech industries, green technologies, clean energy, organic agriculture and digital economy, among others.

He expressed his hope that China will open door for the products which are of Vietnam’s strengths and China’s demand like farm produce, pork and dairy products.

Creating favourable conditions for Vietnamese products in the custom clearance procedures is an important move to bring two-way trade into a more balanced manner, he said.

Meanwhile, Deputy Minister of Industry and Trade Tran Quoc Khanh highlighted that Vietnam and China hold huge potential to bolster logistics cooperation.

Vietnam’s logistics service has enjoyed strong growth with annual expansion of 20-25 per cent and according to the World Bank’s rankings, Viẹt Nam is 64th out of 160 countries in the world and 4th in ASEAN after Singapore, Malaysia and Thailand in logistics development.

The 1,400 kilometre freight train service between Ha Noi and Chongqing will open opportunities for both sides to collaborate in the logistics sector, he said, adding that it is an effective channel to transport goods, including tropical fruit, farm produce and seafood, between Vietnam and China’s localities.

For his part, deputy mayor of Chongqing city Liu Guiping said that multi-model transportation, cross-border road transport and international railways are three main types of transportation, which help connecting Chongqing and China’s western localities with Viẹt Nam and other ASEAN nations.

He wished that enterprises from both nations will work to promote cooperation in the field.

At the seminar, Vietnam Logistics Business Association and the trade office of Chongqing city inked an agreement on enhancing logistics cooperation. Enterprises from both sides signed their agreements and specific cooperation programmes in the coming time.

In addition, more than 200 firms met to seek linkages in economy, trade and logistics on this occasion.