Vietnam attracts great attention from Chinese businesses, and in return, China sees Vietnam as potential market in the future, said Dao Ngoc Chuong, Deputy Head of the Asia-Pacific Market Division, under the Vietnamese Ministry of Industry and Trade (MIT).
Vietnam News Agency on Thursday quoted Chuong said that China is Vietnam's biggest neighboring market, with a similar structure of import-export goods. The two-way trade is implemented in diverse forms, including official routes, border trade, temporary import for export, transits, exchange of goods between people in the border areas.
Currently China is Vietnam's biggest importer, and the third biggest exporter, after the United States and Japan.
According to statistics from China-ASEAN Expo Secretariat, in the first quarter of 2011, China-Vietnam two-way trade has risen sharply, with total value of imports and exports up 42.3 percent to 7.9 billion U.S. dollars.
Chuong said that the two countries' legal framework for investment has been improved in lines with the international laws, which helped boost the bilateral trade. China supplied fuel and raw materials of strategic significance to Vietnam's economy. In return, it needs a great amount of Vietnamese products, such as rubber, coffee, fruit, high-quality wooden ware, sea food and consumer goods, Chuong added.
Weekly review May 20 World Economic Forum China office marks fifth anniversary May 18 China, Pakistan joined in bonds of brotherhood May 20 'Central axis' of Beijing applies for world cultural heritage May 20 In pictures: Int'l 'Financial Security' symposium opens in Beijing May 21 The week in pictures May 16 Beijing aims for massive influx of overseas talent in 2011 May 16 Singapore election coverage shows Western arrogance May 16 Chinese naval helicopter conducts target practice in Gulf of Aden May 17 Strategies for harmony between militaries of China, US May 17 Pakistani Prime Minister hails China as true friend
Vietnam News Agency on Thursday quoted Chuong said that China is Vietnam's biggest neighboring market, with a similar structure of import-export goods. The two-way trade is implemented in diverse forms, including official routes, border trade, temporary import for export, transits, exchange of goods between people in the border areas.
Currently China is Vietnam's biggest importer, and the third biggest exporter, after the United States and Japan.
According to statistics from China-ASEAN Expo Secretariat, in the first quarter of 2011, China-Vietnam two-way trade has risen sharply, with total value of imports and exports up 42.3 percent to 7.9 billion U.S. dollars.
Chuong said that the two countries' legal framework for investment has been improved in lines with the international laws, which helped boost the bilateral trade. China supplied fuel and raw materials of strategic significance to Vietnam's economy. In return, it needs a great amount of Vietnamese products, such as rubber, coffee, fruit, high-quality wooden ware, sea food and consumer goods, Chuong added.
Weekly review May 20 World Economic Forum China office marks fifth anniversary May 18 China, Pakistan joined in bonds of brotherhood May 20 'Central axis' of Beijing applies for world cultural heritage May 20 In pictures: Int'l 'Financial Security' symposium opens in Beijing May 21 The week in pictures May 16 Beijing aims for massive influx of overseas talent in 2011 May 16 Singapore election coverage shows Western arrogance May 16 Chinese naval helicopter conducts target practice in Gulf of Aden May 17 Strategies for harmony between militaries of China, US May 17 Pakistani Prime Minister hails China as true friend
