Vietnam, China to boost economic, trade cooperation

16:54, April 19, 2011      

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The 7th session of the Vietnam- China Economic and Trade Committee was held here on Tuesday, with participation of Vietnamese Minister of Industry and Trade (MIT) Vu Huy Hoang and Chinese Vice Minister of Commerce Jiang Zengwei.

Both sides informed each other of the development of trade cooperation since the 6th session. The two-way trade reached more than 27 billion U.S. dollars in 2010, higher than the planned target of 25 billion U.S. dollars.

The two sides reached agreements in areas of mutual concern, such as the imbalance of trade between the two countries, border economy, China's preferential credits for Vietnam's projects in infrastructure, transport, healthcare and personnel training.

Jiang led a Chinese government delegation to visit Vietnam and attend the event at the invitation of MIT.

On the same day, Chinese delegates were received by Vietnamese Deputy Prime Minister Hoang Trung Hai.

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