Vietnamese, Chongqing firms seek for business opportunities

Wednesday, Dec 11, 2019 16:07

A view of the meeting for businesses from Viet Nam and China’s Chongqing Province was held in Ha Noi on Tuesday. — VNA/VNS Photo Duc Dung

A meeting for businesses from Viet Nam and China’s Chongqing Province was held in Ha Noi on Tuesday to discuss investment opportunities and seek for partners in many fields.

They included technology, refrigeration mechanics, motorbike manufacturing, electronics and metallurgy.

Speaking at the event organised by the Ministry of Industry and Trade’s Centre for Industry and Trade Information and Chongqing provincial authorities, Vice Chairman of the Vietnam Association of Foreign-Invested Enterprises Nguyen Van Toan said China was one of the pioneering countries in terms of smart industry and Industry 4.0 technology with widespread 5G development.

Viet Nam welcomes Chinese and Chongqing provincial firms to explore business opportunities in the country, he said.

He also called on the two countries’ enterprises to tap trade opportunities, boosting bilateral economic and trade ties.

Vice Director of Chongqing’s Commerce Commission Xu Xincheng said as one of the largest economic hubs of China, Chongqing serves as an important bridge between China’s southwestern region and Vietnamese localities.

This meeting helped Chongqing businesses seek cooperation opportunities and know needs of Vietnamese businesses, he said.

Nguyen Van Ket, Director of SKD Vietnam Mechanical Company, said Chinese enterprises have strengths in metallurgy products and motorbikes.

He said his company is looking forward to making trade connections at this event and he hopes to have more meetings like this for businesses of the two countries.

According to Toan, two-way trade between Viet Nam and China topped US$106 billion last year. Viet Nam mostly imported equipment and materials used for textile, garment and footwear from China.

Since 2018, exports-imports between Chongqing and Southeast Asian countries have surpassed $12.4 billion, over $3.5 billion of which was Viet Nam’s trade with the province, up 128.95 per cent, he said. VNS

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