Viet Nam was willing to create the most favourable conditions for Chinese enterprises to foster bilateral relations in economy, trade and investment with local partners, PM Nguyen Tan Dung told a meeting yesterday in Ha Noi.—VNA/VNS Photo

HA NOI (Biz Hub)— Viet Nam was willing to create the most favourable conditions for Chinese enterprises to foster bilateral relations in economy, trade and investment with local partners, PM Nguyen Tan Dung told a meeting yesterday in Ha Noi.

Two-way trade and investment ties, despite experiencing significant achievements in recent years, had failed to match the expectations and potential of the two countries, the PM said.

He suggested that the two business communities should speed up co-operation, especially when Viet Nam was making efforts to conclude several important agreements such as the Free Trade Agreement with the EU and the Trans – Pacific Strategic Economic Partnership Agreement.

These agreements, once effective, would open up huge business opportunities for Vietnamese firms and foreign companies, including Chinese, he said.

During the event, Chinese Premier Li Keqiang spoke highly of relations between the two countries, particularly in trade and investment, adding that China always welcomed Vietnamese investment.

China is now Viet Nam's largest trade partner, while Viet Nam is one of China's most important trade partners within the ASEAN bloc. Bilateral trade is well on track to reaching the target of US$60 billion turnover by 2015. — VNS